Tuesday, 10 February 2015

Greece 'may go elsewhere for new deal on debt'


Greece 'may go elsewhere for new deal on debt'

Greek Defence Minister Panos Kammenos. 4 Feb 2015Defence Minister Panos Kammenos says Greece wants a deal to restructure Greece's debt
The Greek defence minister has said Greece could turn to the US, Russia or China if it fails to reach a new debt agreement with the eurozone.
Panos Kammenos, who heads the junior coalition partner Independent Greeks, said Greece had an obligation to go to "plan B" if proposals are rejected.
Greece is preparing to plead its case for a new deal at a meeting of eurozone finance ministers on Wednesday.
It says the terms of its €240bn (£182bn) bailout are too severe.
Last month's election of an anti-austerity government led by left-wing Prime Minister Alexis Tsipras has raised fears that Greece could leave the euro.
EU officials have so far rejected his efforts to renegotiate bailout terms, although German Chancellor Angela Merkel has said she will wait to see if Greece puts forward "a sustainable proposal" on Wednesday.
"What we want is a deal," Mr Kammenos said in an interview on Greece's Mega TV.
"But if there is no deal, and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to plan B.
"Plan B is to get funding from another source. It could be the United States at best, it could be Russia, it could be China or other countries."bbc

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