World Economy
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Call to Compromise

Call to CompromiseCall to Compromise

Greece called on the country’s creditors to compromise on demands to break an impasse over the release of funds for its cash-strapped economy as a deadline neared for payments due next month to the International Monetary Fund, Bloomberg said. A day after Prime Minister Alexis Tsipras said Greece can’t absorb any more austerity measures, Finance Minister Yanis Varoufakis said his government has met the euro area and IMF three-quarters of the way so it’s up to creditors to cover the remainder. Interior Minister Nikos Voutsis, who has no economic decision-making powers, went so far Sunday as to say Greece couldn’t and wouldn’t pay the IMF in June without a deal.

Financialtribune.com