BREAKING NEWS

Greece PM says EU sleepwalking toward cliff, wants debt relief by end 2016

By REUTERS

AUGUST 27, 2016 21:20

Greece said on Sunday the EU was "sleepwalking towards a cliff" by sticking to austerity rules that created huge inequalities among members, and it expected a debt relief deal for itself to be honored by end-2016 so that its economy could recover.

Athens, facing a second bailout review entailing an unpopular loosening of labor laws in the autumn, is keen to show that painful tax rises and pension cuts as part of its 86-billion-euro bailout deal last year will bear fruit.

"Greece has kept its part of the agreement and expects the same from its partners. We are not simply seeking, we are demanding and expecting specific measures that will render debt sustainable as part of the deal we are implementing," Prime Minister Alexis Tsipras told the Sunday newspaper Realnews.

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