Monday September 22, 2014 Search
Weather | Athens
27o C
19o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Tsipras wants European conference to solve debt crisis

Europe must abandon austerity policies and convene a summit to make Greece’s debt sustainable and return the country to growth, said Alexis Tsipras, the nation’s main opposition leader.

“Our strategy, if we were to be elected in Greece, is to cancel austerity measures, cancel the memorandum of austerity,” Tsipras, who heads the Syriza party, told Bloomberg Television in New York on Jan. 25. “We must have a restructuring of Greece’s debt and renegotiation of the loan agreement.”

Tsipras said a European conference similar to one held in 1953, which brought debt relief to Germany, is necessary to solve the region’s crisis. It should accompany a plan such as the one proposed by former U.S. Secretary of State George C. Marshall in 1947, which channeled American aid to help rebuild Europe after World War II, that would revive economic growth in Greece and southern Europe, he said.

The 38-year-old Tsipras led Syriza to a second-place finish in inconclusive elections in May on an anti-austerity platform, stoking concern about Greece’s future in the 17-nation eurozone. The party finished second in repeat elections a month later that saw the first-place New Democracy party, led by Antonis Samaras, go on to form a coalition government.

Four polls published on Jan. 26 and Sunday showed New Democracy with an edge of between 0.4 percent and 1.7 percent over Syriza, or “Coalition of the Radical Left.”

Tsipras said austerity policies have been disastrous for the Greek economy, which is set to contract for a sixth year in 2013 with unemployment at a record high. Greece’s government has implemented budget cuts and economic reforms to tame a fiscal deficit that has led to bailouts from the European Union and the International Monetary Fund.

Greece won’t be ejected from the euro if it abandons austerity policies and demands changes to its bailout agreements, he said.

“Nobody can estimate who needs who most, but the certainty is that if Greece leaves or if they decide to eject Greece, it will be a total disaster for the euro and would be a step backward for the global economy,” Tsipras said. “If a country can go to Brussels and say ‘enough is enough with these irrational policies,’ I do think their reaction will in fact be more measured and they will agree to have a dialogue, a renegotiation.”

[Bloomberg]

ekathimerini.com , Tuesday Jan 29, 2013 (11:19)  
Results of probe into 20 Lagarde list names due soon
Police refute reports of Jihadi training
Gov’t drafts plan to secure exit from memorandum
Greek commuters have relatively long wait
ANALYSIS
Pegging reforms to debt relief acts
The government appears determined to walk the road of Portugal by tapping the markets to avoid a third bailout loan from the EU and even show the IMF the door. However, it may trip if talks ...
Demand for diesel boosts total fuel sales
After five years (2009-13) of decline, the fuel market returned to positive territory in June, albeit at the marginal rate of 0.3 percent year-on-year, according to official data, capitalizi...
Inside Business
SOCCER
Reds beat Veria to claim league lead
Olympiakos thumped hitherto Super League leader Veria 3-0 on Saturday to go alone on top of the table for the first time after four rounds of games. Four days after putting three past Atleti...
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...
Inside Sports
COMMENTARY
Universities threatened by transfers
The problem arising from the abuse of the Greek university transfer system – whereby some students are allowed to move to an institution of their choice instead of the one they were admitted...
EDITORIAL
Capital changes
A sizable part of the middle of the Greek capital has been slated to receive a significant makeover with the implementation of an urban restructuring project which includes turning a key cit...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Reds beat Veria to claim league lead
2. Pegging reforms to debt relief acts
3. Demand for diesel boosts total fuel sales
4. Foreign investors not overly concerned about political risk
5. IMF unhappy over social security debt collection
6. Agenda
more news
Today
This Week
1. IMF unhappy over social security debt collection
2. Foreign investors not overly concerned about political risk
3. Agenda
4. Demand for diesel boosts total fuel sales
5. Pegging reforms to debt relief acts
6. ‘Greece can meet its needs on its own’
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. Central Athens traffic restrictions back in force on Monday
3. ‘Greece can meet its needs on its own’
4. Lost in the fog
5. Record sum of new debts to the state in August
6. Democracy under Pressure | Live Streaming
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.