Tsipras: Grexit backers, internal political opposition tried to sabotage negotiations with creditors

10 April 2017
337 Views

Greece’s embattled leftist prime minister on Sunday called negotiations in the run-up to an agreement, in principle, with institutional creditors “difficult and with ups and downs”.

The Greek side on Friday accepted new austerity measures for 2019 and 2020 worth roughly 3.6 billion euros, as corresponding to GPD, mainly pension cuts and a lowering of the tax-free annual income threshold. The leftist-rightist government coalition had for months refused to accept such demands in order to achieve a second review, which would have unblocked a multi-billion-euro credit line for the bailout-dependent Greek state.

Speaking to ruling SYRIZA party’s central committee members on what is Palm Sunday in the country, Tsipras claimed that “some clearly wanted the (second) review (of the Greek program) not to conclude, either because some outside the country insisted on historically debunked scenarios of Grexit, or because some inside the country did not want us to be the ones to lead the country out of the crisis.”
Demands for new austerity measures were spearheaded by the IMF, which has repeatedly maintained that fiscal goals, primarily ambitious primary budget surplus targets for after 2018, cannot be achieved under the present economic and fiscal conditions. In a bid to “sweeten” the “bitter medicine” of more austerity measures that the Tsipras government had promised not to take, countervailing measures of equal value will ostensibly be included in the next agreement. The latter, mostly social spending, will only be implemented if fiscal goals are achieved.

Moreover, the mostly leftist Greek government has said that the new austerity measures will only be implemented if debt relief measures are granted.

In a reference to center-right main opposition New Democracy (ND) party, which is leading Tsipras’ SYRIZA by double-digit figures in all mainstream opinion polls, the Greek prime minister accused it of trying to block negotiations for the second review of the Greek program (third bailout).

“The system that for decades plundered the country tried to directly overthrow us by its involvement in the review (process). This attempt didn’t succeed, and they are now before a strategic impasse. The government would have preferred an ideological opponent and not a coterie of vindictive far-rightists and privileged scions, who suffer from a power withdrawal syndrome,” was his comment before top party cadres.

You may be interested

JOKER results: Thursday 21 June 2018
GREECE
shares37 views
GREECE
shares37 views

JOKER results: Thursday 21 June 2018

Panos - Jun 21, 2018

The winning numbers from the JOKER draw on Thursday 21 June 2018 are as follows:

Greek MoD: Turkey will receive crushing reply if it tries to dispute our sovereign rights
GREECE
shares30 views
GREECE
shares30 views

Greek MoD: Turkey will receive crushing reply if it tries to dispute our sovereign rights

makis - Jun 21, 2018

Greek Defence Minister Panos Kammenos issued a stark warning to Turkey saying if at any point it disputed the sovereignty…

Crucial Eurogroup meeting underway
FINANCE
shares30 views
FINANCE
shares30 views

Crucial Eurogroup meeting underway

makis - Jun 21, 2018

The crucial Eurogroup meeting that will determine the Greek debt and the post-programme surveillance until 2022 has commenced in Luxembourg.…

Leave a Comment

Your email address will not be published.