Alexis Tsipras warned on Tuesday that the failure to agree a rescue deal for Greece would spell the end of the eurozone as he submitted a revised package of reforms to negotiators in Brussels.
The Greek prime minister said if Greece fails, Europe’s leaders will have a bigger disaster on their hands because “it will be the beginning of the end of the eurozone”.
Tsipras was speaking after what appeared to be a co-ordinated move by world leaders at the G7 summit to caution Athens against resisting demands by its troika of creditors – the European commission, the International Monetary Fund and the European Central Bank – for further austerity and far-reaching reforms.
