Greek Prime Minister Alexis Tsipras denied on Friday that his country would have to seek a third international bailout when a four month extension to its current programme expires.
Mr Tsipras also said the government had requested a reduction in the country’s debt, even though EU/IMF creditors insist Greece must meet its obligations in full. “Some have bet on a third bailout, on the possibility of a third bailout in June. I’m very sorry but once again we will disappoint them,” he said in a televised speech to his Cabinet. “Let them forget a third bailout. The Greek people put an end to bailouts with their vote,” said Mr Tsipras, a radical leftist who won election a month ago on promises to scrap austerity and reform policies dictated by Greece’s foreign creditors.
Greece has already received two bailouts totalling 240 billion euros but fellow euro zone member Ireland said last week that it would have to negotiate a third programme.
Athens was forced to climb down on many campaign promises to secure a deal a week ago from the Eurogroup of euro zone finance ministers extending the bailout Mr Tsipras had pledged to ditch. >> Read More