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29 March 2015
Greek Prime Minister dismisses possibility of new credit from Troika
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Greece has no intention of asking the troika of international creditors for a new financial aid package, Prime Minister Alexis Tsipras told the Realnews newspaper Sunday.

"There is no discussion about the third memorandum [on financial aid], no new credit [plans]," Tsipras said.

He added that measures like cutting salaries and pensions or forced mass resignations were out of consideration, as they would only further deteriorate the social climate in the country.

Tsipras expressed hope that Greece and the European Union would be able to reach compromise despite certain European institutes willing to cut ties with Greece.

The prime minister said that one of the country's main tasks at the moment was fighting corruption.

On Friday, Christoforos Vernardakis, the secretary general on government work coordination, said Greece would unveil new reforms to help the country revive its economy on Monday, March 30, in Brussels.

The new set of reforms is expected to help Greece save more than $3 billion over the period of three years.

Greece's debt to the troika of foreign creditors, comprising the European Union, the European Central Bank and the International Monetary Fund, is estimated at some $270 billion.


Sputnik

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