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IPFS News Link • Greece

Greece "Demands" Debt Relief, Owes Troika €11+ Billion by July

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Position 1: "We need a big debt restructuring, no more kicking the can," says Greece's Minister of State.

Position 2: Germany offers a possibility of unspecified debt relief, at a future point in time, only if necessary. First, Greece must make another round of budget cuts on top of the pension cuts its just made.

Greece has caved in every time, and in the most humiliating ways. Greece even caved in on pension cuts last week.

Why should anyone believe Greek demands now?

Please consider Greek Bailout Deal Must Have Concrete Debt Relief, State Minister Says.

Greece will not accept a bailout deal without a concrete agreement for debt relief from the country's European creditors, a top aide to Prime Minister Alexis Tsipras said.

"We want real solutions, not interim solutions," Nikos Pappas, Greece's Minister of State, said in an interview Friday after several days of talks with senior U.S. officials. "No more kicking the can down the road."


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