Greek PM Tsipras: I seek no rift with Europe

Greek Prime Minister Alexis Tsipras said on Saturday that he sought no rift with Europe after his cash-strapped country submitted a list of reforms to its lenders in a bid to secure much-needed funds.

Tsipras’ leftist government agreed an extension to its 240-million euro bailout fund in February, albeit with aid frozen, and now must agree on a set of reforms which it sent to its EU-IMF creditors on Friday in order to stave off bankruptcy.

The austerity-weary nation will run out of money by April 20, a source told Reuters on Tuesday, if it does not unlock much-needed funding.  “The liquidity problem is naturally hampering the situation but I believe that will be tackled immediately once we reach an agreement over reforms,” Tsipras said in an interview with Sunday’s Real News newspaper.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.