EU leaders are negotiation as if they have leverage. They don't unless prepared to back their words by force. If Greece defaults on its debt and leaves the Euro, a necessary step to economic recovery laid out by history, higher profile names will follow.
Headline: Greece insists it will pay back creditors as it hires debt advisers Lazard
Greece's new prime minister has insisted his country will fulfil all of its loan obligations as it appointed investment bank Lazard ahead of crunch talks with the Troika.
In a statement designed to calm tensions between Greece and its creditors, Alexis Tsipras said: "I am absolutely confident that we will soon manage to reach a mutually beneficial agreement, both for Greece and for Europe as a whole." "No side is seeking conflict and it has never been our intention to act unilaterally on Greek debt" he added.
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