DHAKA: Greece has a ‘political and moral duty’ to reach an agreement with creditors over its debt crisis.

Finance Minister Yanis Varoufakis came up with this assertion, reports the BBC.

But he said Thursday’s meeting of eurozone finance ministers was unlikely to bring an immediate solution.

In return for more funding, creditors want further reforms from Greece.

But the ruling Syriza party is resisting those demands and, with talks deadlocked, fears are growing that Greece may default on its debts.

The European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) could extend fresh finance, but are insisting on reform and further austerity measures.

Varoufakis, when asked if there could be an agreement at the meeting of eurozone finance ministers in Luxembourg on Thursday, said: “I do not believe so.”

“Tomorrow we will set the scene for what we consider to be our political and moral duty, and that is to reach an agreement very, very quickly with our partners and the institutions,” he said.

On Wednesday Greece’s central bank added that about €30bn was withdrawn from Greek bank deposits between October and April.

BDST: 0916 HRS, JUNE 18, 2015
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