PM denies Greece will seek third bailout

Greek Prime Minister Alexis Tsipras denied on Friday that his country would have to seek a third international bailout when a four month extension to its current program expires.

In a televised speech to his cabinet, Tsipras also said the government had requested a reduction in the country’s debt, even though EU/IMF creditors insist Greece must meet its obligations in full.

“Some have bet on a third bailout, on the possibility of a third bailout in June. I’m very sorry but once again we will disappoint them. Let them forget a third bailout. The Greek people put an end to bailouts with their vote,” he said.

Greece has already received two bailouts totaling 240 billion euros.