SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Greeks Defiant as Clock Ticks Down in Debt Talks

Greece’s ruling Syriza party dismissed reform demands from the country’s international creditors as “blackmail” on Thursday as crisis talks to avert a debt default and a euro zone exit entered a critical phase.

A parliamentary spokesman for Greek Prime Minister Alexis Tsipras’s left-wing party struck a defiant tone a day after euro zone finance ministers accused Athens of refusing to compromise despite a looming deadline to clinch a deal.

Tsipras was due to resume talks with Greece’s lenders at 9 a.m. (0700 GMT) before the ministers reconvene at 1 p.m. and European leaders begin arriving in Brussels later this afternoon.

Without a cash-for-reform deal in the next 48 hours, the chances of Greece averting a default to the International Monetary Fund (IMF) look slim.

Failure to repay 1.6 billion euros owed to the IMF on Tuesday could trigger a bank run and capital controls, followed by a slide out of the single currency area.

Read more at Reuters

 

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x