Tsipras warns IMF, Germany to stop 'playing with fire'

Image
AFP Athens
Last Updated : Feb 11 2017 | 6:28 PM IST
Greek Prime Minister Alexis Tsipras today warned the International Monetary Fund and German Finance Minister Wolfgang Schaeuble to "stop playing with fire" in the handling of his country's debt.
Opening a meeting of his Syriza party, Tsipras said he was confident a solution would be found, a day after talks between Greece and its creditors ended in Brussels with no breakthrough.
He urged a change of course from the IMF. "We expect as soon as possible that the IMF revise its forecast.. So that discussions can continue at the technical level."
Referring to Schaeuble, Tsipras also called for German Chancellor Angela Merkel to "encourage her finance minister to end his permanent aggressiveness" towards Greece.
Months of feuding with the IMF has raised fears of a new debt crisis.
Greece is embroiled in a row with its eurozone paymasters and the IMF over debt relief and budget targets that has rattled markets and revived talk of its place in the euro.
Eurogroup chief Jeroen Dijsselbloem said progress had been made in the Brussels talks with Greek Finance Minister Euclid Tsakalotos and other EU and IMF officials.
But he provided few details.
The Athens government faces debt repayments of 7.0 billion euros (USD 7.44 billion) this summer that it cannot afford without defusing the feud that is holding up new loans from Greece's 86 billion euro bailout.
Breaking the stalemate in the coming weeks is seen as paramount with elections in the Netherlands on March 15 and France in April through June threatening to make a resolution even more difficult.
But Dijsselbloem warned yesterday that the next meeting of eurozone ministers on February 20 - seen as an unofficial deadline ahead of the votes - would still be too early for a breakthrough.
"We will take stock of the further progress (during that meeting)", said Dijsselbloem, who is also the Dutch finance minister.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 11 2017 | 6:28 PM IST

Next Story