Greece Encouraged to Stick with Commitments

In Paris and Rome, it was sugar coated; in Berlin and Frankfurt unequivocal. But the message from European capitals to Greece’s new leaders was the same at every stop on last week’s tour – stick to your commitments.

Prime Minister Alexis Tsipras will head to his first European summit on Thursday duly warned that it will be near impossible, as Athens wants, to rip up pledges made during the country’s four-year international bailout. Tsipras and his aides were also advised to learn the ways of diplomatic custom.

“Friendship requires telling things as they are,” French Finance Minister Michel Sapin told Reuters after meeting his Greek counterpart Yanis Varoufakis last Sunday. “We must avoid misunderstandings and make sure all, and especially the Greek side, understand how things are.”

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.