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Greek finance minister presses for June debt deal, says no default

Greek Finance Minister Euclid Tsakalotos has urged the country's creditors to agree to a deal on debt relief measures in June to allow the country to re-enter bond markets but said the country would not default, Reuters reported May 29.

Greece wants a clear course for debt relief and not a short term solution for repaying debt, Tsakalotos said. "The Greek government feels it's done its part of what was promised."

"We feel that the ball is very much on the side of our creditors."

The disbursement of further loans depends on Greece's reform progress, which he said eurozone finance ministers had already confirmed.

"We are not risking a default, I don't think anybody wants a default. I'm sure that [German finance minister] Wolfgang Schaeuble is the last person who would want a Greek default and I am in total agreement with that," he said, according to Reuters.