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New Greece PM says country will not default its debts

Published:Thursday | January 29, 2015 | 4:44 PM

New Greek Prime Minister Alexis Tsipras says his country will not default on its debts.

Addressing his first cabinet meeting since Sunday's victory, Tsipras said he would negotiate the country’s $240 billion bailout package with creditors.

The leader of the left-wing Syriza party said while he will not clash with anyone, his government will not continue a policy of subjection.

Germany's vice-chancellor said it was unfair of Greece to expect other states to pick up its bills.

Greece has endured tough budget cuts in return for its 2010 bailout, negotiated with the European Union, International Monetary Fund and the European Central Bank.

The country’s economy has shrunk drastically since the 2008 global financial crisis, and high unemployment has thrown many Greeks into poverty.


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Jamaica Gleaner

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