22:33 GMT22 April 2021
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    German Minister for Economic Affairs and Energy Sigmar Gabriel urged Greece to announce new new package of proposals to settle the country's debt crisis.

    BERLIN (Sputnik) — On Sunday, over 61 percent of Greek voters rejected proposals from Greece’s foreign creditors on financial aid in exchange for economic austerity measures in a referendum.

    "If Greece is willing to stay in the eurozone, the Greek government should immediately make a practical proposal that will expand the previous one and could be accepted by other 18 countries of the eurozone," Gabriel, who also serves as German's vice chancellor, told reporters.

    An emergency Eurogroup summit on the situation with Greece is expected to take place on Tuesday.

    Currently, Greece owes some $270 billion to its main international creditors, while the country's total debt amounts to $350 billion, which has been declared unsustainable by the International Monetary Fund (IMF).

    Topic:
    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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    Tags:
    bailout program, debt crisis, Eurozone, Sigmar Gabriel, Germany, Greece
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