Date
16 January 2017
Greek Prime Minister Alexis Tsipras is pushing for a political solution to resolve the nation's economic troubles. Photo: Bloomberg
Greek Prime Minister Alexis Tsipras is pushing for a political solution to resolve the nation's economic troubles. Photo: Bloomberg

Greece seeks quick deal to unlock further aid

Greece and its European creditors agreed on the need to reach a cash-for-reforms deal quickly as Athens missed a self-imposed deadline for reaching an agreement to unlock aid, Reuters reported.

In a phone call on Sunday with German Chancellor Angela Merkel and French President Francois Hollande, Greek Prime Minister Alexis Tsipras pushed for a political solution for the country’s economic troubles, the report said.

The teleconference “took place in a very good climate” and all three leaders recognized the need for a quick deal, an unidentified Greek official was quoted as saying.

Greece and its eurozone and International Monetary Fund creditors have been in talks for months on a reforms agreement. Without a deal, Athens risks default or bankruptcy in weeks.

The pressure has intensified in recent days as Athens faces a payment to the International Monetary Fund on June 5 as well as the expiration of its bailout program on June 30.

The government said last week that it was looking for a deal by May 31.

In a sign of greater willingness to compromise, Interior Minister Nikos Voutsis said on Saturday that Greece was open to pushing back parts of its anti-austerity program to reach a deal quickly.

– Contact us at [email protected]

CG/RC

EJI Weekly Newsletter