Alexis Tsipras and European Central Bank

European Central Bank: However, he also signalled that some anti-austerity measures would be phased in over four years, in what could be interpreted as a signal to other European governments that his administration will not reverse all of the economic reforms implemented in recent years, according to The Independent. But that proposal was met with scepticism from other eurozone finance ministers last week, suggesting that Greece could be left without the means to pay its liabilities after 28 February. And unless Greece reaches a deal with its creditors, its banks could be cut off from access to funding from the European Central Bank, which analysts say could effectively force Athens out of the eurozone and Alexis Tsipras told parliament in Athens that his coalition s priority was to ease the country s humanitarian crisis resulting from four years of austerity policies demanded by the eurozone. It is our duty and commitment to fulfil all our pre-election pledges he said. Eurozone finance ministers are due to meet on Wednesday to discuss Greece s demands for an overhaul of the terms of its bailout. A full meeting of European Union leaders in Brussels, attended by Mr Tsipras, is due on Thursday. Greece s existing bailout agreement with the European Union and the International Monetary Fund is due to end on 28 February. Mr Tsipras repeated yesterday that he did not want it to be extended, or to receive the final 7bn payment. Instead, Greece is proposing a bridging loan to enable the country to meet its liabilities while a new settlement can be brokered that would reduce its huge external debt. (news.financializer.com). As reported in the news.

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