Friday September 19, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
SYRIZA leader asks EU officials to 'reexamine' bailout

Coalition of the Radical Left (SYRIZA) leader Alexis Tsipras has written to top EU officials to argue that Greece’s Memorandum of Understanding with its lenders has been “politically delegitimized” by the result of Sunday’s elections, which saw New Democracy and PASOK – the two parties that signed the deal – gain just 32 percent of the vote.

Tsipras, however, toned down his pre-election talk of unilaterally rejecting the terms of the bailout. Instead, he called for the agreement to be “reexamined.”

“The Greek people’s vote on Sunday, May 6 politically delegitimizes the Memorandum of Understanding… which was signed by the leaders of the two parties that guaranteed the Papademos government’s parliamentary majority,” wrote the SYRIZA leader in his letter.

He added that the EU-IMF program had also lost its legitimacy because it had failed to “challenge the structural imbalances and inequalities in the Greek economy.”

“Greece is the money European country that in peacetime is going through a fifth year of deep recession,” Tsipras added.

“We must urgently protect the economic and social stability of our country… the continued application of the internal devaluation program will lead the economy to disaster, without creating conditions for recovery.”

Tsipras, who had proposed that Greece reject the bailout terms, suggested in his letter that they be reviewed instead.

“It is our duty to reexamine the whole framework of the existing strategy, given that it not only threatens social cohesion and stability in Greece but is a source of instability for the European Union and the eurozone.”

The letter was sent to the European Commission President Jose Manuel Barroso, the head of the European Council Herman Van Rompuy, European Parliament chief Martin Schultz, European Central Bank president Mario Draghi and Eurogroup head Jean-Claude Juncker.

ekathimerini.com , Thursday May 10, 2012 (19:17)  
Homeless man falls to death from shelter in central Athens
Syntagma metro station to close for Fyssas tribute concert
Samaras heads to Azerbaijan for two-day visit
Dozens of arrests at march to mark anniversary of Fyssas murder
ECB eyes banks’ capital quality as target for supervisory power
The European Central Bank may use its regulatory clout to make sure euro-area lenders are adding the right kind of capital, not just the right amount. Policy makers say banks have added almo...
EIB signs deals with Greece for 815-mln investment in infrastructure projects
Greece has signed five finance agreements totalling 815 million euros with the European Investment Bank (EIB) ranging from highway projects to the Thessaloniki metro. “With this strong shot ...
Inside Business
SOCCER
Triumph for PAOK, historic result for Asteras in Europa League
Greek teams produced a patchy record on the opening night of the Europa League group stage on Thursday, as PAOK thrashed Dynamo Minsk, Asteras Tripolis snatched a draw at Besiktas and Panath...
SOCCER
Financial crisis forces Greek second division postponement
Greece's second soccer division Football League announced on Wednesday the postponement of the start of the season due to financial difficulties being faced by most clubs. "The board of dire...
Inside Sports
COMMENTARY
High stakes after the Scottish vote
We will soon know whether the Scots voted for their country’s independence or whether they will remain citizens of the “United Kingdom of Great Britain and Northern Ireland.” What was alread...
COMMENTARY
Greek society’s and lenders’ fatigue
The issue of early elections continues to dog the coalition government despite all the official denials. That the administration is losing its cool is obvious. The political discourse has no...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Homeless man falls to death from shelter in central Athens
2. Syntagma metro station to close for Fyssas tribute concert
3. Samaras heads to Azerbaijan for two-day visit
4. Dozens of arrests at march to mark anniversary of Fyssas murder
5. ECB eyes banks’ capital quality as target for supervisory power
6. EIB signs deals with Greece for 815-mln investment in infrastructure projects
more news
Today
This Week
1. ECB eyes banks’ capital quality as target for supervisory power
2. EIB signs deals with Greece for 815-mln investment in infrastructure projects
3. Samaras heads to Azerbaijan for two-day visit
4. Dozens of arrests at march to mark anniversary of Fyssas murder
5. Syntagma metro station to close for Fyssas tribute concert
6. Homeless man falls to death from shelter in central Athens
Today
This Week
1. Greece on standby
2. Greece at bottom of social justice scale among EU28
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Democracy under Pressure | Live Streaming
6. SYRIZA spokesman suggests gov't sought to stop NERIT airing Tsipras speech live
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.