Greek premier warns against ‘excessive’ demands by creditors


Alexis Tsipras made the remarks in a statement on Monday prior to the planned emergency talks with its creditors, i.e., European Commission, European Central Bank and International Monetary Fund.

The statement said “abandoning excessive primary (budget) surpluses, protecting salaries and pensions, avoiding excessive and unreasonable hikes in electricity (rates)” are instrumental in a final accord.

Tsipras, however, assured the eurozone leaders and money lenders that Athens would agree with the terms of any “viable economic accord.”

Monday’s summit of the 19-nation eurozone comes amid increasing efforts to conclude a deal to free up 7.2 billion euros ($8.2 billion dollars) needed by Athens to cover a 1.5 billion debt repayment to the IMF, due June 30.

Granting the bailout would allow Athens to avoid a default and a possible exit from the euro single currency zone.

Upon arrival at the meeting in Brussels on Monday, Finnish Finance Minister Alexander Stubb said. “I have very low expectations for today.”


Source Article from

You can leave a response, or trackback from your own site.

Leave a Reply

The maximum upload file size: 28 MB. You can upload: image, audio, video, document, spreadsheet, interactive, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded.


Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes