Published on Jun 17, 2015
Alexis Tsipras described the creditors’ demands to slash pensions as incomprehensible. He says insisting on such fixation will lead to a Greek default and eventually hurt all of Europe. Earlier, the Greek Central Bank also warned that the country will be put on a painful course toward default and a euro-exit unless it reaches a bailout deal with its international creditors soon. The two sides remain at odds over a number of issues, including more austerity. Debt-ridden Greece will have to default on its debt in case it fails to clinch a deal that would pave the way for releasing loans worth seven-point-2 billion euros. Athens will have to default on its debt in case it fails to repay its loans to the international Monetary Fund at the end of this month.