Greece PM to Address Lawmakers on Talks With Creditors

Greece’s Prime Minister Alexis Tsipras will update lawmakers Monday on talks held over the weekend in Brussels between Greek government officials and representatives of the country’s creditors to secure more funds from the euro area and stave off fiscal collapse.

Tsipras requested parliament speaker Zoe Konstantopoulou schedule a session in the legislature for Monday to discuss ongoing talks with Greece’s creditors on the country’s proposed reforms required for further aid, a Greek government official told reporters Sunday in an e-mailed statement on condition of anonymity, in line with policy. The discussion will begin at 8 p.m. Athens time.

Tsipras’s Syriza party was elected Jan. 25 on a platform of easing austerity measures and restructuring debts related to the nation’s bailout. While the government has retreated on those positions, resulting in a Feb. 20 agreement with euro-area partners to extend a loan accord until the end of June, it faces an uphill task persuading creditors that Greece is making the pledged reforms.

Bloomberg

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