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Friday, July 3, 2015

Greece crisis live: Tsipras urges Greece to reject "blackmail" and says IMF report is vindication

Tsipras: IMF report is 'great vindication' for Greek government

Tsipras said the IMF’s analysis showing Greece’s debt is unsustainable justifies his government’s decision to reject an aid package that offered no debt relief.

In a televised address to the nation ahead of Sunday’s referendum, the Greek prime minister urged Greeks to vote “oxi” (no) on the bailout package.

Yesterday an event of major political importance happened. The IMF published a report on Greece’s economy, which is a great vindication for the Greek government as it conforms the obvious – that Greek debt is not sustainable.”

Greek prime minister Alexis Tsipras has addressed the nation on Greek television. He said the latest IMF report confirms his government’s argument that its debt position is not sustainable. The report said the cash-strapped country needs up to €60bn (£42bn) of extra funds over the next three years and large-scale debt relief to give Greece some breathing space and get its economy back on track.

Tsipras also called on Greeks to “calmly go to the polls” on Sunday.

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