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

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