Greek Prime Minister Alexis Tsipras said he’s ready to assume responsibility for the consequences of rejecting an unfair deal with creditors.
In a sign that he’s being taken at his word, officials from the Netherlands, Portugal and Germany said they are bracing for a breakdown in talks that could roil the currency bloc.
With a viable solution “the Greek government recently elected by the Greek people will bear the cost of carrying through this difficult agreement,” Tsipras told reporters in Athens on Wednesday. Without one, “we will assume the responsibility to say ‘the big no’ to a continuation of the catastrophic policies for Greece.”
The Athens Stock Exchange erased its gains after the prime minister’s comments with the clock ticking down to an expiration of Greece’s financial lifeline on June 30. Talks between Greece and its creditors are stalled as euro-area finance ministers prepare to meet in Luxembourg on Thursday. The gathering has been billed as a last chance to seal an agreement on as much as 7.2 billion euros ($8.1 billion) in bailout aid.
http://www.bloomberg.com/news/articles/2015-06-17/greece-told-reform-isn-t-crazy-as-central-bank-warns-of-eu-exit
Tsipras Vows to Reject Unfair Deal as EU Braces for Collapse
In a sign that he’s being taken at his word, officials from the Netherlands, Portugal and Germany said they are bracing for a breakdown in talks that could roil the currency bloc.
With a viable solution “the Greek government recently elected by the Greek people will bear the cost of carrying through this difficult agreement,” Tsipras told reporters in Athens on Wednesday. Without one, “we will assume the responsibility to say ‘the big no’ to a continuation of the catastrophic policies for Greece.”
The Athens Stock Exchange erased its gains after the prime minister’s comments with the clock ticking down to an expiration of Greece’s financial lifeline on June 30. Talks between Greece and its creditors are stalled as euro-area finance ministers prepare to meet in Luxembourg on Thursday. The gathering has been billed as a last chance to seal an agreement on as much as 7.2 billion euros ($8.1 billion) in bailout aid.
http://www.bloomberg.com/news/articles/2015-06-17/greece-told-reform-isn-t-crazy-as-central-bank-warns-of-eu-exit