BRUSSELS - The
European Union committed $2.15 billion on Friday to help Athens with what EU
leaders call the humanitarian crisis hitting Greeks in the wake of the
financial crisis that left the nation on the brink of bankruptcy.
‘‘It is a good sign,’’
he said. ‘‘It was recognized that there is a humanitarian crisis in our country
and that there must be a common effort against it.’’
The pledge came hours
after the EU leaders told Tsipras to come up with a raft of budget cuts and tax
increases to improve his balance sheet before he gets more European bailout
money. Tsipras refused to commit to a date of delivery, saying ‘‘deadlines only
create more pressure.’’
Chancellor Angela
Merkel of Germany said Tsipras can decide what mix of budget cuts and tax
increases to impose: ‘‘what’s important is that in the end the sums add up.’’
Fears remain that the
hard line of the Greek government formed in January could cause the country to
drop out of the euro, which would trigger a crisis for the currency shared by
19 nations. ‘‘A disorderly Greek exit from the euro remains a major threat to
Europe’s economic stability,’’ Prime Minister David Cameron of Britain said.
European leaders have
become exasperated by what is seen as foot-dragging on the part of Tsipras’s
government. Greece agreed a month ago to push through reforms in exchange for
EU help to keep it solvent, but delayed submitting the measures.
President Francois
Hollande of France said Tsipras had recommitted to moving fast. ‘‘The Greek
prime minister promised me that he would move as quickly as he can to present
his reforms,’’ he said.
Adding to the European
frustration, the Greek Parliament approved an antipoverty bill on Wednesday,
and it did so without full consultation from its creditor partners.
Greece’s economic
policies drew criticism even from nations outside the eurozone. Cameron
marveled Thursday at how poorly the Greek economy has fared compared with
Britain’s.
‘‘When I first came
here as prime minister five years ago, Britain and Greece were virtually in the
same boat. We had similar-sized budget deficits,’’ he said. ‘‘The reason we are
in a different position is we took long-term, difficult decisions and we had
all of the hard work and effort of the British people.’’
Greece is banking on
the fact that its European partners all want to keep the eurozone intact,
fearing that if Greece pulls out others might as well.
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