Saturday, June 6, 2015

Greece closes the door to an agreement without touching debt – FORTUNE

ATHENS (Reuters) – The Prime Minister of Greece, Alexis Tsipras, said Friday that Parliament will not accept any agreement with international lenders to exclude the promise of a restructuring debt, something his government sued throughout the negotiation process.

Creditors of the eurozone and the International Monetary Fund (IMF) have resisted the efforts of Greece to include a debt relief negotiations with which it seeks to unlock aid for Athens.

Tsipras also said he will not accept a new rescue after the expiry of the current.

The Greek bailout expires at the end of June and if by then you do not have an agreement which means that the country would receive cash in exchange for a series of reforms-a default would almost certainly bringing the euro zone could be in unknown territory and open the door for Athens to leave the single currency bloc.

The prime minister Friday also labeled as “absurd” the proposal submitted to him by creditors on Wednesday, but said they are “closer than ever” to reach an agreement.

“We are closer than ever to an agreement,” Tsipras told Greek MPs, who said that the proposal of the creditors who provided the President of the European Commission, Jean-Claude Juncker, Brussels “was an unpleasant surprise.”

“We have to withdraw,” he said in a special meeting to inform parliamentarians of the negotiation process that takes place from February 20.

“The Greek people tell us: do not abandon their reasonable demands not give in to unreasonable demands.” Said the Prime Minister.

In this regard, the Greek proposal that calls for greater flexibility in the budgetary requirements, is “the only realistic,” he said.

This agreement should “include” a clause on the viability of Greek debt, Greek Prime Minister insisted to find “a lasting solution to the uncertainty” and “crisis” in Greece and Europe.

This aspect is not included in the offer to lenders and is a point of disagreement between the creditors themselves, Europe and the IMF.

At the same time the Prime Minister asked the parliamentarians of all parties to support the “national effort” the country to conclude an agreement with creditors and “clarify whether they accept or reject” the proposed resolution.

“It is time to take responsibility,” said Alexis Tsipras.

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