02:31 GMT02 August 2021
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    According to Greek Prime Minister, Athens will follow the memorandum signed with its international creditors, but will not agree to unreasonable austerity demands.

    ATHENS (Sputnik) Athens will follow the memorandum signed with its international creditors, but will not agree to unreasonable austerity demands, Greek Prime Minister Alexis Tsipras said, as quoted by the local media on Sunday.

    "We will stick to the letter of the agreement, but will not accept injustice,” Tsipras said, as quoted by the Real newspaper.

    According to Tsipras, 2016 will be a pivotal year, after several years of crisis for the country.

    The Greek economy has been severely strained because of the country’s multibillion debt accumulated after the 2008 world economic crisis.

    In July, Greece signed an agreement with the international creditors, approving a third bailout package for Athens worth 86 billion euros (about $95 billion) in exchange for highly unpopular austerity reforms such as pension cuts and tax hikes.


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