Advertisement

  1. National

Greece wants 'fair solution' to debt offer stalemate

Greece wants to find a "viable and fair solution" with its EU and IMF lenders to agree an aid package, a government official has said.

On Friday, Greek prime minister Alexis Tsipras labelled a cash for reforms offer by the debts-seeking EU as "absurd".

Earlier, European Commission President Jean-Claude Juncker said a Greek exit from the single currency area is not an option but that does not me he could "pull a rabbit out of a hat" to prevent it.

View all 15 updates ›

Greece 'may call snap election' if lenders don't soften

The Greece government may call a snap election if the country's international lenders do not soften their terms for debt repayment, a senior minister has warned.

Deputy Social Security Minister Dimitris Stratoulis, a hardliner in the left-learning government, said:

The lenders want to impose hard measures. If they do not back down from this package of blackmail the government...will have to seek alternative solutions, elections.

– Dimitris Stratoulis

More on this story