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Greek Govt to Creditors: We Won't Pay if the Delayed Installments Aren't Disbursed

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With a lengthy 11-point non paper the newly elected Greek government is attempting to review its first two months in power, while announcing that the so-called Brussels Group, discussing the Greek reforms list, is meeting tonight.

As explained, during these first two months, the government has exercised its legislative work focusing on the negotiations with the country’s partners “for shaping the post-Memoranda era and the transition from the Memoranda of austerity to a period of social sensitivity, justice, development and restoration of the national sovereignty and dignity.”

Moreover, the government blamed the previous New Democracy-PASOK coalition government, under Prime Minister Antonis Samaras, saying it “inherited” an unprecedented situation. “Greece is the only country to repay debt without refinancing from its own national resources and internal borrowing (t-bills),” explained the non paper.

At the same time, the SYRIZA-led government is warning that it does not intent to proceed with payments to creditors if the -already delayed- installments, scheduled for 2014, are not disbursed. The country “is not going to continue servicing the debt from its own resources, if creditors do not directly proceed with the disbursement of installments delayed since 2014. The country has not collected any installment from the European Commission (EC) or the International Monetary Fund (IMF) since August 2014, nevertheless it fulfills its obligations normally,” it is highlighted in the non paper.

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