ATHENS: Greek Prime Minister Alexis Tsipras on Monday said an EU summit this week would address his country’s cash shortage despite what he described as attempts by some European nations to scupper a deal.
“The issue will be dealt with at a political level by the end of the week, until the summit or if need be, at the summit itself,” Tsipras told Ethnos daily.
The PM added that at the March 19-20 talks, Athens would face opposition from European nations “existentially linked with austerity” who were “playing with Europe’s future.”
But he insisted that other “prudent political forces” would not allow the talks to collapse.
The Greek state is facing a cash squeeze this month because it has not yet received the remaining funds from its 240-billion-euro ($255-billion) EU-IMF rescue package as the new government is still locked in talks with its international creditors on a revised reform plan.
Greece on Monday repaid over 500 million euros to the International Monetary Fund. On Friday it has to pay over 300 million to the IMF, and redeem 1.6 billion euros in treasury bills.
To meet the payments, Athens will auction 1.0 billion euros in three-month treasury bills on Wednesday.