Greece flirts with default

The government aims at reaching a technical agreement with lenders this week to unlock rescue aid and avert a default.

However, as talks enter a critical stage, Greece still maintains it will not be backing down from its red lines. “We’re striving for a mutually beneficial agreement by Friday,” Nikos Filis, spokesman for the Syriza parliamentary group, said Sunday on Greece’s Mega Television.

“Our mandate from the Greek people is to reach an agreement where we stay in the euro area without harsh austerity measures,” he said, adding that “tough negotiations” will take place before a summit meeting of European Union leaders in Riga, Latvia, on May 21-22.

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(Photo: Pedro Moura Pinheiro/