Arab Today, arab today greek radical left seeks vote to cancel bailout
Last Updated : GMT 13:22:57
Arab Today, arab today
Arab Today, arab today

Greek radical left seeks vote to cancel bailout

Arab Today, arab today

Arab Today, arab today Greek radical left seeks vote to cancel bailout

Athens - AP

The head of Greece\'s Radical Left Coalition, whose strong gains in last month\'s elections deepened concerns over his nation\'s economic future, vowed Friday to cancel Greece\'s international bailout agreement if he wins an upcoming repeat ballot. Alexis Tsipras, whose party came second in the inconclusive May 6 polls, said there was no way to partially implement the terms of the bailout. Presenting his Syriza party\'s economic program, he said he would seek to repeal the bailout terms, which have included deep spending cuts and stiff tax hikes and have been blamed for a prolonged recession. The debt-strapped country holds its second election in six weeks on June 17. It was called after the center-right New Democracy party won the May 6 poll but without enough votes to form a government, and coalition talks collapsed. \"The first act of a government of the left, as soon as the new Parliament is sworn in, will be a cancellation of the bailout and its implementation laws,\" Tsipras said. \"Let people know that in Greece there is still a democracy.\" Tsipras\' Syriza party has been neck-and-neck with New Democracy in most recent opinion polls. The socialist PASOK party, which came to power in a landslide in 2009 elections, saw its support crumble on May 6, coming in third place with a meager 13 percent compared to ND\'s 18.9 and Syriza\'s 16.8 percent. Tsipras said the bailout agreement \"is a mechanism of definitive bankruptcy and pushing the country to a voluntary withdrawal from the eurozone.\" He predicted that under the bailout terms, Greece would be unable to return to the markets, from which it has been blocked out since mid-2010 by sky-high borrowing rates, for a decade. \"There is no more or less bad memorandum,\" he said, referring to the bailout agreement. \"You either implement the memorandum, or you cancel it. ... We will cancel it.\" Tsipras said that if he wins enough votes to form a left-wing government, he will \"seek a Europe-wide deal to drastically reduce the debt payments, or seek a debt moratorium. We will cancel the law ... to cut the minimum wage and benefits. Debt payment must be tied to growth levels.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek radical left seeks vote to cancel bailout Arab Today, arab today greek radical left seeks vote to cancel bailout

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today greek radical left seeks vote to cancel bailout Arab Today, arab today greek radical left seeks vote to cancel bailout

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday