After months of talks, Greece says it won’t agree to any deal with its creditors that omits a commitment to debt relief.
The two sides are at loggerheads, with the debtor (Greece) claiming it won’t be able to prosper with the current debt load. The creditors (the International Monetary Fund, European Central Bank and euro-area member-states) on the other hand, would still like to get repaid. Greece’s total public debt stood at 313 billion euros ($356 billion) at the end of the first quarter.
