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Tuesday, June 16, 2015

Greek exit real prospect as eurozone hardens towards belligerent Athens

Tsipras’s abrasive tone and accusations of ‘criminal conduct’ by IMF stokes more anger as EU officials prepare to gather at Luxembourg last chance saloonFears that the five-year Greek financial crisis will culminate in debt default and exit from the euro have intensified as Athens hardened its rhetoric against its creditors and insisted it would miss a payment to the International Monetary Fund unless it received debt relief.With just 48 hours to go before a meeting of eurozone finance ministers, seen as the last realistic chance to reach a deal before Greece has to pay the IMF at the end of June, Alexis Tsipras, showed no sign of bowing to demands for cuts in pensions and increases in VAT. Instead, the Greek prime minister accused the Fund of “criminal responsibility” for the situation and said lenders were seeking to “humiliate” his country. Related: Tsipras does want a deal, as the alternative is unthinkable Related: Angela Merkel stands firm on finding resolution to Greece crisis Related: Eurozone braces for Greek exit as Athens threatens to miss IMF payment Continue reading...


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