Creditors unmoved by Greece's bailout promises

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Greece and its creditors were at loggerheads again Monday after the new Athens government insisted it would not back down over renegotiating its massive bailout, sparking fresh jitters on financial markets over fears of a euro exit. Prime Minister Alexis Tsipras's request for emergency EU funding to tide the country over while it renegotiates its huge debt left the European Commission and paymaster Germany cold. Instead, European Commission chief Jean-Claude Juncker called on the Greek government to be realistic, saying it "must not assume that the overall mood in Europe has changed so much that the eurozone will unconditionally adopt the government programme of Tsipras".

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