The Malta Independent 16 April 2024, Tuesday
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Greece told not to expect debt relief soon as hopes continue to fade

Tuesday, 7 July 2015, 21:38 Last update: about 10 years ago

The Greek government has been told by its eurozone partners not to expect debt relief any time soon, amid fading hopes of decisive action to stop the country tumbling out of the currency union.

Arriving at an emergency summit of eurozone leaders, Angela Merkel said there was no clear basis to negotiate with Athens after Greek voters rejected an EU bailout plan in a referendum on Sunday. The German chancellor warned that time was running out. "It is not a matter of weeks anymore, it is a matter of days."

Eurozone finance ministers meeting ahead of the summit made it clear they were waiting on Athens to make the first move and were in no hurry to discuss debt relief.

Diplomatic niceties were abandoned as it emerged Greece's new finance minister Euclid Tsakalotos had not come armed with detailed proposals.

"[With] the Greek government it is every time mañana," said Lithuania's president Dalia Grybauskaitė, one of the Greek government's most tough-talking critics. "It can always be mañana every day."

Greek banks are almost out of cash and some Eurozone figures are already saying that Grexit is the only option for the debt-ridden country.

The head of Latvia's central bank told domestic radio that the "brave" Greek nation had "voted itself out of the eurozone".

 

Support from Castro

 

Support for embattled Greek Prime Minister Alexis Tsipras has come from former Cuban President Fidel Castro. He has written a letter to Mr Tsipras congratulating him for his his "brilliant political victory'" - an apparent reference to the overwhelming victory of the "no" campaign in Sunday's Greek referendum on creditor proposals. The former Cuban leader also praises Greece's historical contributions to philosophy, art, science and politics, as well as its resistance to the Axis military powers during World War II. 
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