7 May 2015
Greek government will back down on everything - Gabriel Sakellaridis
FXStreet (Mumbai) - Greek government spokesman Gabriel Sakellaridis told a news conference that international creditors should not expect that the Greek government will back down on everything in order to reach a deal.
The Greek government is sticking to "red lines" on pension and labor market reforms thereby reducing the possibility of a breakthrough deal on Monday. "There should not be an expectation on the part of institutions that the government will back down on everything," Gabriel Sakellaridis told a news conference. "When you negotiate, there should be mutual concessions.
"We won't go beyond the limits of our red lines," he said. "It's clear that we cannot cut pensions."
Greece is running out of cash but has yet to reach a deal on reforms with its creditors, who have ruled out an agreement by Monday's meeting of euro zone finance ministers.
The Greek government is sticking to "red lines" on pension and labor market reforms thereby reducing the possibility of a breakthrough deal on Monday. "There should not be an expectation on the part of institutions that the government will back down on everything," Gabriel Sakellaridis told a news conference. "When you negotiate, there should be mutual concessions.
"We won't go beyond the limits of our red lines," he said. "It's clear that we cannot cut pensions."
Greece is running out of cash but has yet to reach a deal on reforms with its creditors, who have ruled out an agreement by Monday's meeting of euro zone finance ministers.