Pressure on Greece to prioritise debt service

An EU official says some euro countries are pushing for Greece to funnel government revenue into a separately managed account dedicated to servicing its debts — an unprecedented intrusion into a sovereign country’s fiscal affairs.

Germany has made the creation of such an escrow account a precondition for giving Greece a €130 billion bailout.

But until now, it has been unclear whether the account — which would give debt and interest payments priority over paying for government services — would only contain bailout money or also money from Greek taxpayers.