Monday 25 September 2017

Greece's new Prime Minister agrees to open talks with EU on new debt package

Greek Prime Minister Alexis Tsipras
Greek Prime Minister Alexis Tsipras

Daniel McConnell, Group Political Correspondent

Greece's new Prime Minister has agreed to open talks with the EU about a new debt package, likely to be agreed next Monday.

Mr Alexis Tsipras arrived in Brussels to a hostile gathering of EU leaders amid calls for debt forgiveness.

However,  this evening at the EU summit, Mr Tsipras has said he is now willing towards bridge the gap between Greece and the EU as to how to deal with its debt crisis.

European sources have told Independent.ie that Mr Tsipras has agreed with the President of the Eurogroup

Jeroen Dijsselbloem open "technical talks" on a possible deal.

Read More: ECB raises pressure on Greece as Tsipras meets EU peers

But EU sources insisted any deal would have to involve the IMF and some other "Troika element."

"The language is of restructuring not default," one senior EU source told Independent.ie.

Mr Tsipras had campaigned on an anti-Troika platform and his calls for debt forgiveness have met with staunch opposition from European leaders.

Much of the resistance about granting a debt deal for Greece stems from the fact about €100bn is owed to the Italian and Spanish governments as opposed to private banks.

The talks are in order to facilitate the discussions in the Eurogroup of finance ministers next Monday where a deal "needs to be done", according to Finnish Prime Minister Alexander Stubb.

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