Tsipras defiant about failed debt talks

A day after the Greek government acknowledged it couldn’t make a deal with European creditors, Prime Minister Alexis Tsipras took to the airwaves to sound a defiant note on the failed talks.

In a nationally televised address to Parliament in Athens Friday evening, Tsipras rebuffed the European Commission and the German-led creditors who hold much of Greece’s debt.

“The government is not going to give in to absurd proposals,” he said.

Greece is seeking a debt restructuring that would alleviate the burden of its financial obligations and release about $8 billion in previously agreed-upon bailout money, in turn preventing a default and potential exit from the euro currency.