Greece says can pay wages and pensions, needs deal by end of May

Reuters News
Posted: May 18, 2015 6:29 AM

ATHENS (Reuters) - Greece's government will be able to pay wages and pensions in May but needs an agreement with creditors by the end of the month because of its cash crunch, the government spokesman said on Monday.

"There should be a solution in May so we can resolve our liquidity issues," Gabriel Sakellaridis told a news conference.

He ruled out a levy on bank deposits to raise cash and said the government would not sign a third bailout program.

Sakellaridis said the government was sticking to its "red lines" in negotiations with lenders, which he listed as avoiding pension cuts, having an economic growth plan, a suitable primary surplus target and debt restructuring.

Enough's Enough
Walter E. Williams

(Reporting by Renee Maltezou, Writing by Deepa Babington)