Greek debt solution ‘a priority’

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Published: Wednesday 28th January 2015 by The News Editor

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Greece’s new prime minister says his government’s top priorities are negotiating with creditors to resolve the country’s debt problems and dealing with what he describes as a humanitarian crisis.

Speaking in the new government’s first cabinet meeting, Alexis Tsipras said he was ready with a four-year fiscal plan that would balance the budget, when not accounting for costs of servicing debt.

But he said Greece would not meet a bailout requirement to produce surpluses.

The plan also aims to find “realistic proposals” on how to make Greece’s huge rescue loans easier to manage.

Mr Tsipras’s left-wing Syriza party won Sunday’s election and teamed up with a small right-wing anti-bailout party to form a government. The move has raised concerns that Greece will clash with international creditors.

Published: Wednesday 28th January 2015 by The News Editor

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