Greece Will Not Opt Out of Debt Repayment

A Greek government spokesman denied a German newspaper report on Tuesday that it was considering opting out of a loan repayment in July if lenders could not agree on debt relief.

“It is not true,” government spokesman Dimitris Tzanakopoulos told Reuters. “There will be a solution on June 15.”

Greece is hoping a June 15 meeting of euro zone finance ministers will offer clarity and a solution to its long-standing call for debt relief after three international bailouts.

Daily Mail

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.