Greek PM Stresses He is not Looking for a Debt Fight

Calm down! Greece is not looking for a fight with its creditors.

At least that’s what Prime Minister Alexis Tsipras says, despite winning power on the back of calls to have half the country’s enormous debt written off.

Tsipras said his government was looking for an agreement on Greek debt that would be beneficial for all parties.

“It has never been our intention to act unilaterally on Greek debt,” he said in a statement.
Yet on Friday, his own finance minister told reporters the Greek government would not cooperate with officials representing its three biggest lenders: other eurozone countries, the European Central Bank and the International Monetary Fund.

The standoff with Europe has sent Greek markets tanking as investors freaked out about the possibility of the country exiting the euro.

Britain’s Chancellor of the Exchequer George Osborne called the issue “the biggest threat to the global economy” after meeting his Greek counterpart Monday.

via CNN

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