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Greece and its lenders must reach a reform deal by early May to address Greece's need for cash, Deputy Prime Minister Yannis Dragasakis said in an interview with a Greek newspaper published on Saturday. Shut out of international markets and locked in talks with its European Union and International Monetary Fund creditors over its proposed reform-for-cash deal, Greece risks running out of cash within weeks. Athens must pay the International Monetary Fund almost 1 billion euros ($1.1 billion) in May. It has said it wants to honor its obligations and needs lenders to offer something in return. "There is clearly a potential and an imperative need for an interim deal to be concluded in the first days of May, if not within April," Dragasakis said in an interview with Avgi newspaper, the mouthpiece of the leftist government of Alexis Tsipras.
By Felipe Iturrieta SANTIAGO (Reuters) - Ash from the Chilean volcano Calbuco, which erupted without warning this week, reached as far as southern Brazil on Saturday and prompted some airlines to cancel flights to the capitals of Chile, Argentina and Uruguay. Calbuco, considered one of the most dangerous along Chile's chain of around 2,000 volcanoes, erupted twice in 24 hours on Wednesday and Thursday, sending up a spectacular 17-km-high (11-mile) cloud and coating nearby towns in a thick layer of gray ash. Authorities have set up a 20-km (12-mile) cordon around Calbuco, in the scenic Los Lagos region, around 1,000 km (620 miles) south of the capital Santiago, evacuating more than 6,500 people in the area. "The dangerous nature of volcanic activity like this, plus the volcano's current instability that could lead to more intense activity in the short term, indicates we should maintain the perimeter," Chile's national office of emergency said in its latest report.