Tsipras to Address Lawmakers After Stakes Raised in Showdown

Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments.

He plans to speak to parliament later Friday after telling German Chancellor Angela Merkel and French President Francois Hollande during a call Thursday that a list of proposals needed to unlock bailout funds hammered out earlier this week by creditors can’t be a basis for a deal. German and French officials declined to comment on the contents of the talk.