20:45 GMT29 October 2020
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    Financial crisis in Greece (197)
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    Austerity measures for Greece demanded by international creditors are debt slavery, the leader of France's right-wing National Front party said on Wednesday.

    MOSCOW (Sputnik) — Athens is currently attempting to unlock financial aid from its primary international creditors to avoid a default on its multibillion-dollar debt. Its current bailout program expires on June 30.

    "You are now asking the Greeks to have another go at this terrible austerity. This is basically a debt slavery that you are imposing on them, against the will of these people," Marine Le Pen said at a plenary session held ahead of the June 25-26 European Council.

    Earlier on Wednesday, Athens reportedly rejected counter-proposals by international creditors, including pension cuts and value-added tax increases.

    Greece's overall debt stands at about $350 billion, of which $270 billion is owed to the European Commission, the European Central Bank and the International Monetary Fund.

    Financial crisis in Greece (197)


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