Greek PM: Will Reject 'catastrophic Policy' For Greece

Greek Prime Minister Alexis Tsipras on Wednesday reiterated that his government won't agree to unacceptable creditor demands, saying he's ready to take responsibility for rejecting a reform deal, according to media reports. "In the event that we have an honorable agreement, my co-workers and I will undertake the cost of seeing it through. In the opposite case, it will be us again that will say the big no to a continued catastrophic policy for Greece," he said while speaking to journalists after a meeting with Austrian Chancellor Werner Faymann. Tsipras also ruled out the possibility of Greece holding early elections. Concerns over a potential "Grexit", shorthand for Greece leaving the eurozone, have risen in recent days as the two sides appear to be moving no closer to an agreement. Time is closing in on Greece to reach a reform deal with lenders in order to unlock the next portion of bailout funds. If no deal is reached, the debt-laden country is at risk of missing a 1.6 billion euro payment to the International Monetary Fund at the end of the month.