Greece PM Tsipras Seeks Greek Opposition Backing in Stalled Talks

Greek Prime Minister Alexis Tsipras sought to rally a consensus in parliament for his effort to secure bailout funds after his proposals to bolster the nation’s finances failed to satisfy his European creditors.

“I want to address the political parties of the opposition: Will you back the national negotiating strategy to put an end to austerity?” Tsipras asked lawmakers in Athens on Monday, in an extraordinary debate to discuss the country’s stalled bailout review.

Europe’s most-indebted state is locked in talks with euro-area countries and the International Monetary Fund over the terms attached to its 240 billion-euro ($260 billion) rescue. The standoff, which has left Greece dependent upon European Central Bank loans, risks leading to a default within weeks and its potential exit from the euro area.

Bloomberg

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.