Greek PM rejects extending bailout and seeks loan to keep country afloat
- 9 years ago
Greece needs a bridge loan not a bailout according to its new prime minister.
A defiant Alexis Tspras has laid out his plans to dismantle what he calls Greece’s ‘cruel’ austerity programme.
It was his first major speech to parliament since his Syriza party’s convincing election win last month.
In it he promised to reverse reforms imposed by Greece’s lenders but by doing so put himself on a collision course with the EU.
“What the Greek government is pursuing through negotiations with our partners is a new deal, a ‘bridge agreement’ until June which will give us the fiscal space that genuine debt negotiations require, along with a new programme of cooperation between Greece and its European partners,” Premier Alexis Tsipras told Greek lawmakers.
Greece’s current programme of loans ends on February 28. A final 7.2 billion euros is still to be negotiated but Tsipras wants the so-called ‘bridge loan’ to keep Greece afloat instead of extending the international bailout.
His c
A defiant Alexis Tspras has laid out his plans to dismantle what he calls Greece’s ‘cruel’ austerity programme.
It was his first major speech to parliament since his Syriza party’s convincing election win last month.
In it he promised to reverse reforms imposed by Greece’s lenders but by doing so put himself on a collision course with the EU.
“What the Greek government is pursuing through negotiations with our partners is a new deal, a ‘bridge agreement’ until June which will give us the fiscal space that genuine debt negotiations require, along with a new programme of cooperation between Greece and its European partners,” Premier Alexis Tsipras told Greek lawmakers.
Greece’s current programme of loans ends on February 28. A final 7.2 billion euros is still to be negotiated but Tsipras wants the so-called ‘bridge loan’ to keep Greece afloat instead of extending the international bailout.
His c