Thursday, June 11, 2015

EU tells Greece to reach a debt deal and to stop ‘gambling’

The European Union's top ­leaders warned Greek Prime Minister Alexis Tsipras on Thursday to stop "gambling" and reach a desperately needed debt deal to prevent a default and crashing out of the euro.

Donald Tusk and Jean-Claude Juncker, the European Union's most senior officials, pushed Tsipras after talks ­between the Greek premier and the leaders of France and ­Germany broke up without agreement.

Fresh protests erupted meanwhile in Athens at the prospect of new austerity cuts demanded by Greece's international creditors in return for money to stave off default when the Greek bailout expires at the end of the month.

"For me it is very obvious that we need decisions not negotiations now, and it's my opinion that the Greek government has to be a little bit more realistic," Tusk told a news ­conference at a EU-Latin America summit in Brussels.

A meeting of eurozone ­finance ministers in Luxembourg on June 18 would be "really crucial" and "decisive"­ in reaching a deal to end a five-month standoff between Greece and its creditors, Tusk added.

"There is no more time for gambling. The day is ­coming, I am afraid, that someone says the game is over," said the ­former Polish premier, who has played a low-key role in the Greek crisis.

Tsipras has been playing a high-stakes game warning ­Europe that abandoning Greece would bring "catastrophe" to the 19-member eurozone.

The Athens stock market soared by 7.3 percent on the ­belief that a bailout deal was imminent, with European stocks also on the rise.

European Commission chief Juncker - who held fresh talks with Tsipras on the sidelines of the summit on Thursday ­following a disastrous meeting a week earlier - said he was growing impatient with Greece.

"People are gradually beginning to lose patience. And I'm only human, so I share their impatience," Juncker told ­reporters.

"We must get the cow off the ice," he said, using a folksy ­German phrase for solving a difficult problem.

  AFP
 globaltimes.cn
11/6/15
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