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Business/Finance See other Business/Finance Articles Title: Greece dismisses claims of seeking financial aid from Russia PressTV... Greece has rejected speculations that it was seeking financial assistance from Russia, saying Athens is in talks with its European allies to reach a new debt agreement. "We are in substantial negotiations with our partners in Europe and those that have lent to us. We have obligations towards them," Prime Minister Alexis Tsipras said at a Monday news conference in Cyprus during his first foreign visit as premier. When asked whether Athens would seek help from Moscow, he said, "Right now, there are no other thoughts on the table." Greece is seeking a deal that provides breathing space for a new debt arrangement with the so-called troika of lenders -- the European Commission, the International Monetary Fund (IMF) and the European Central Bank (ECB). Tsipras, however, said his government will no longer work with the troika, and wants to negotiate directly with the creditors. Meanwhile, Germany has said that Europe would carry on supporting Greece, if Athens implements the austerity measures under its bailout deal with the international creditors. Athens also received a positive signal from the European Union on Monday, with a spokesman for European Commission President Jean-Claude Juncker confirming that he supported a change to the troika mission. Privatization plans halted On Wednesday, Tsipras openly challenged Greece's international lenders by stopping privatization plans agreed upon under the country's bailout deal. During his first meeting with cabinet members, the Greek premier said that they could not disappoint voters already battered by a drop in living standards caused by austerity measures. “We are coming in to radically change the way that policies and administration are conducted in this country," he told ministers. Greece has been relying on international rescue loans since 2010. In exchange for its international loans, Athens has implemented harsh austerity programs that have caused mounting dissatisfaction in the country. The measures have forced people to endure multiple tax increases, along with cuts in pension and salary, in exchange for bailout loans by the troika. DB/GHN/HMV Post Comment Private Reply Ignore Thread
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