Greek president promises repayment of all debt

REUTERS

Although Greece is under tremendous financial stress, with the government now forcing hospitals, universities and public agencies to hand over their savings to the central bank, Pavlopoulos stated that his country would fulfill all of its obligations.

"We pay everything we owe to the last euro. We need to keep a balanced budget and gradually decrease our debt," he said.

The president also expressed optimism that the dispute over Greece's debt can still be resolved.

Pavlopoulos said negotiations for a new bailout program are "entering the home stretch."