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Greek PM: Debt Deal Amounts To ‘Blackmail’

ATHENS, July 14 Some 51.5 percent of Greeks believe a bailout deal the country clinched with lenders is positive and a higher percentage thinks that the country’s parliament should approve it, according to an opinion poll on Tuesday. He said the European Central Bank was gradually moving to raise emergency liquidity funding for Greek banks.

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Yesterday, the Greek prime minister has described the bailout deal with European creditors as “blackmail”, and warned it could be some time before banks fully reopen.

“I assume full duty for errors made and for signing a doc that I don’t consider in, however I should implement”, he stated, arguing that it was the one solution to avert a looming chapter, the collapse of the banking system, a haircut on deposits and catastrophic penalties for Greece.

Tsipras burdened that regardless of the robust phrases the deal had potential and he was decided to attempt to materialise his authorities’s preliminary coverage program over the subsequent 4 years. “We faced a tough and punitive position from our partners… but the (agreement) does offer a way out of the crisis”.

Following the news on Monday about an “aGreekment” between Prime Minister Alexis Tsipras and Eurozone leaders, Wall Street says it’s a lot more likely that Greece will stay in the euro – especially in the short term.

Despite the fact that both Greece and the eurogroup seem closer to a deal, both sides still continue to exchange sharp words through the media.

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Despite the open revolt within his own government and party, Mr Tsipras said he would not step down and would not call an early election.

Prime Minister Joseph Muscat