Greece may reach deal with EU, IMF

Greece can strike cash-for-reform deal with global creditors, given conditions acceptable for both sides, government spokesman says

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Greece would be willing to compromise so that an agreement may be reached with its creditors of the European Union (EU) and the International Monetary Fund (IMF), which will be acceptable to both sides, government spokesman Gabriel Sakellaridis said on Monday.  

This has struck a more accommodating tone after Prime Minister Alexis Tsipras’ rejection last week of the international lenders’ terms for a cash-in-return-for-reform deal.

"Definitely our proposal is the starting point," Sakellaridis said at a news conference in Athens.

He added that the mission of the Greek delegation was to explore the possibility of a solution that satisfies both sides, while Greece would be ready to negotiate the terms of a deal until the end of June.

Sakellaridis suggested the country is willing to make concessions to reach an agreement to keep it from default, despite anger within Tsipras’ governing Syriza party over the austerity cuts demanded by the global creditors.

Sakellaridis also left open the possibility for another extension to Greece's bailout programme that Tsipras had promised to call off when he was elected earlier this year.

The original extension to the 240-billion-euro programme is due to expire at the end of June.

The international lenders would have to release the remaining funds from the bailout programme so that Greece can meet its debt repayments by the end of this month.

The country already delayed a 300-million-euro payment to the IMF due last week, asking for a bundle of loan payments to the Fund due at the end of June.

TRTWorld and agencies