Foreign Media: Greek PM Appears Determined



Tsipras_Foreign MediaForeign media reached a conclusion after Alexis Tsipras’ statements in the Greek Parliament on Sunday evening, February 8. The Greek Prime Minister appears determined to put an end to austerity measures, even if that leads to a Grexit.

Reuters’ reporter Hugo Dixon predicts that it will be impossible for Greece to remain in the Eurozone after Tsipras’ speech. In fact, he tweeted: “Unless Tsipras has got a surprise concession up his sleeve, it is going to be really hard to keep Greece in the euro, after this speech.” Meanwhile, the news agency’s main article, predicts a clash between Greece and EU since Tsipras is trying to reverse the reforms imposed by austerity measures.

Finanacial Times journalist Peter Spiegel, follows on the same mind frame. After the Greek PM’s speech he tweeted: “Main message from EU to Alexis Tsipras over last week: don’t make any irreversible commitments in inaugural parliament address. He hasn’t listened.”

BBC reports that Greece requested a bridge loan, adding that even though Eurozone officials have rejected Greece’s renegotiation efforts, Tsipras still promised to end austerity measures.

Wall Street Journal refers to Alexis Tsipras’ speech noting that “Greece unveiled plans Sunday to undo several austerity measures that were a condition of its international bailout, ranging from tax cuts to increasing the minimum wage, putting the country firmly on a collision course with its European partners.” Furthermore, according to the article, during his speech in the Greek Parliament on Sunday, February 8, Tsipras reiterated that Greece will seek a bridge-loan from its international creditors by June, refusing to accept an extension of the current rescue program.

The New York Times points out that the Greek PM stressed “that his government would not seek an extension of a stringent bailout program and would carry out its campaign pledges to roll back austerity, but gradually.” Moreover, Tsipras noted that the bailout program extension plan would only lead to the repetition of past mistakes.

Finally, Bloomberg reported that “Greek Prime Minister Alexis Tsipras reaffirmed his government’s rejection of the country’s international bailout program before Wednesday’s emergency meeting of the euro area’s finance ministers to discuss the country’s financing needs.”


3 COMMENTS

  1. Everybody has the right to commit suicide.
    It is a pity that he will take his country, mesmerised by empty promisses, along with him.
    However, like the greek PM tries to keep his promise to his voters – you will not have to pay back -, so will European leaders have to keep their promise to their voters – the Greek will pay back their loans -.
    Or else.

  2. Even if Greece brought back the drachma it will be a disaster for Greece. You will have hyperinflation and your economy won’t improve. No one will invest in Greece. Everyone is investing in the Eurozone. Greece needs to reform it’s financial sector.

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