World Economy

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.