Summarise Greece’s position vis-a-vis creditors?

  • New Finance Minister defiant yet new PM (Tsipras) seems more pragmatic, saying no unilateral action will be taken.
  • Government initially stated it will no longer co-operate with the international lenders (i.e. IMF + ECB + EC) that oversaw bailout program, and will ignore the bailout terms (by reversing reforms).
  • Tsipras walking tightrope between electoral promises (to renegotiate Greece's debt) and promises to creditors.

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