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Tsipras: Failure to strike a new debt deal would be "the beginning of the end for the eurozone"

There’s confusion this morning as to whether the President of the European Commission, Jean...
Newstalk
Newstalk

08.29 10 Jun 2015


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Tsipras: Failure to strike a n...

Tsipras: Failure to strike a new debt deal would be "the beginning of the end for the eurozone"

Newstalk
Newstalk

08.29 10 Jun 2015


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There’s confusion this morning as to whether the President of the European Commission, Jean-Claude Junker will meet Greek Prime Minister, Alexis Tsipras as scheduled in Brussels today following the effective rejection of the latest proposals from Greece to resolve its debt crisis

According to reports from officials, Mr Junker, who had been one of the European officials who has been most sympathetic to the Greek position - even though the Commission is not a creditor - is growing increasingly exasperated with the Greeks and has said "they have lost the Commission."

The Commission President seems to have taken exception to Mr Tsipras describing Europe's proposals to deal with Greece's economic issues as "absurd" when addressing the Greek parliament on Friday.

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Italian newspaper Corriere della Sera quotes Mr Tsipras as saying that we could be witnessing, "the beginning of the end for the eurozone" if these negotiations fail.

The Greek government submitted its latest economic reform programme last night but officials reported that it failed to bridge the gap in terms of the pension and VAT reforms demanded and that it focuses heavily on debt relief, which creditors say will not be discussed until detailed financial reform measures are agreed.

It appears that a meeting between Alexis Tsipras and German Chancellor, Angela Merkel and French President, Francois Hollande, will go head ahead today - they will hold sideline talks at the EU-Latin America summit.

 


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