Friday 22 September 2017

Game of brinkmanship as Greece shows no sign of backing down

European Commissioner for Economic and Financial Affairs Pierre Moscovici
European Commissioner for Economic and Financial Affairs Pierre Moscovici
Colm Kelpie

Colm Kelpie

This is brinkmanship. For the second time in less than a week, crucial talks aimed at finding a solution for debt-riddled Greece ended without agreement.

The eurozone is insisting that the immediate way forward for the country is to request an extension of its current bailout programme.

Greece is strongly resisting this. It stresses that it is committed to repaying its creditors, but the far-left Syriza party swept to power by declaring it would renegotiate the current programme.

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