EU Urges Greek Prime Minister to Rein In His Ambitions
Greece Is Heading for a Showdown With the EU
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European leaders urged Greek Prime Minister Alexis Tsipras to pare back his ambitions for easing the financial pressure on his people as stocks and bonds tumbled.
Officials from Brussels to Vienna spoke out after Tsipras once again vowed to reverse the austerity imposed by the previous government as a condition for Greece’s bailout. That sets up a clash with the rest of the euro area when finance ministers meet to discuss the country’s financing needs at an emergency session in Brussels on Wednesday.