Greece Commits to Repay IMF, Tones Down Debt Relief Rhetoric
Alexis Tsipras, Greece's prime minister, gestures while departing after an emergency Greek summit with European leaders in Brussels, Belgium, on Tuesday, July 7, 2015.
Photographer: Jasper Juinen/BloombergThis article is for subscribers only.
Days after missing debt payments to the International Monetary Fund and the Bank of Greece, Prime Minister Alexis Tsipras’s government said it intends to clear its arrears, as it sought additional funds from the euro area.
“Greece is committed to honor its financial obligations to all its creditors in a full and timely manner,” the government said in a letter to the European Stability Mechanism, asking for a new three-year loan from the currency bloc’s crisis fighting fund.