Greek Prime Minister Alexis Tsipras denied that his country would have to seek a third international bailout when a four month extension to its current program expires.
In a televised speech to his cabinet, Tsipras also said the government had requested a reduction in the country’s debt, even though EU/IMF creditors insist Greece must meet its obligations in full.
“Some have bet on a third bailout, on the possibility of a third bailout in June. I’m very sorry but once again we will disappoint them. Let them forget a third bailout. The Greek people put an end to bailouts with their vote,” he said.
Greece has already received two bailouts totalling 240 billion euros.
Source: Reuters