Greece Remains Defiant as Creditors Up Pressure for a Deal
U.S. President Barack Obama and European Central Bank President Mario Draghi call on the Greek government to do more to resolve the standoff amid depleting cash reserves.
Mario Draghi, president of the European Central Bank (ECB), speaks during news conference at the International Monetary Fund (IMF) and World Bank Group Spring Meetings in Washington, D.C., U.S., on Saturday, April 18, 2015.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Greece said it won’t renege on election pledges to end austerity measures, even as creditors pressed for a compromise to free financing and avert a worsening crisis.
U.S. President Barack Obama and European Central Bank President Mario Draghi both called on the Greek government to do more to resolve the standoff amid depleting cash reserves. Greek officials, including Deputy Prime Minister Yannis Dragasakis, stood their ground.