Greece: new deal is 'absurd', markets slide

Greece Prime Minister has said that the new bailout deal will not be signed.

Greece: new deal is 'absurd', markets slide

World Bulletin / News Desk

Greek Prime Minister Alexis Tsipras on Friday branded a cash for reforms proposal by his country's creditors an "absurd" one that he cannot accept and said he hoped it would be taken back

In an uncompromising speech to parliament, Tsipras said a proposal by Athens made earlier this week was the only realistic basis for a deal with creditors, and that there would be no negotiation without debt relief.

Greece'e euro zone and IMF creditors have been resisting efforts to include debt relief in negotiations to unlock aid. Tsipras also reiterated he would not accept a new bailout when the current one expires at the end of June.

Tsipras earlier told the chamber that he could not accept an "absurd" cash for reforms proposal tabled by the euro zone and the International Monetary Fund, but he still expressed confidence a deal could be found.

"This government and this parliament is not going to vote a new bailout," Tsipras said. He added that with Greecewas now facing a level of "liquidity asphyxiation we have never had before."


Güncelleme Tarihi: 05 Haziran 2015, 22:29