Ad
New trouble ahead for Greece PM Tsipras, as his country might not be able to fulfill demands of its lenders (Photo: © European Union, 2015 / Photo: Znotins Ilmars)

Greece says it cannot fulfil demands for loans

Greece has told its creditors it cannot implement some of the extra changes required in exchange for fresh bailout loans.

In a letter sent to the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) last week, finance minister Euclid Tsakalotos said some of the additional demands could not be fulfilled.

The existence of the letter, first revealed by Greek media and Reuters, was confirmed to EUobserver.

It could further delay disburs...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login

Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

New trouble ahead for Greece PM Tsipras, as his country might not be able to fulfill demands of its lenders (Photo: © European Union, 2015 / Photo: Znotins Ilmars)

Tags

Author Bio

Eszter Zalan is a Hungarian journalist who worked for Brussels-based news portal EUobserver specialising in European politics, focusing on populism and Brexit.

Ad

Related articles

Ad
Ad