Greece Will Repay ECB, IMF, Reach Deal With EU, Tsipras Says
(Bloomberg) -- Greek Prime Minister Alexis Tsipras sought to repair relations with creditors after a week-long selloff in bonds and stocks, triggered by his pledge to end the country’s bailout agreement.
Greece will repay its debts to the European Central Bank and the International Monetary Fund and reach a deal “soon” with the euro-area nations that funded most of the country’s financial rescue, Tsipras said in a statement e-mailed to Bloomberg News on Saturday.
“The deliberation with our European partners has just begun,” Tsipras said. “Despite the fact that there are differences in perspective, I am absolutely confident that we will soon manage to reach a mutually beneficial agreement, both for Greece and for Europe as a whole.”
Bond yields surged on Friday after Finance Minister Yanis Varoufakis said the six-day-old government will turn its back on the rescue program that has allowed Greece to pay pensions and public wages for the past five years in exchange for a punishing regime of spending cuts that wiped out 25 percent of its economy.
http://www.bloomberg.com/news/articles/2015-01-31/tsipras-says-greece-to-repay-ecb-imf-reach-deal-with-eu
