Greece leftist chief to annul bailout if elected

1 Jun 2012, 8:10 pm   -   Source: AFP
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(AP)

(AP)

Greek radical leftist party Syriza, tipped as the possible winner in June 17 elections, will seek to "annul" the country's bailout deal with the EU and the IMF, its leader Alexis Tsipras says.

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Greek radical leftist party Syriza, tipped as the possible winner in June 17 elections, will seek to "annul" the country's bailout deal with the EU and the IMF, its leader Alexis Tsipras says.
  
"The bailout is either applied or annulled," Tsipras said. "We ask for the vote of the Greek people in order to annul it."
   
Tsipras, 37, likened the loan agreement to a "deadly medicine" which has caused a "tragedy" in Greece, where more than a million people are jobless and suicides are mounting amid a deepening economic recession.
   
"You don't save a patient's life by changing the dosage of a deadly medicine. You need to change the medicine itself," the leftist leader said.
   
"The bailout deal is an automatic pilot to utter disaster," he added. "It is tantamount to returning to the drachma."

Greece , Eurozone Debt

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Your Comments

Understanding, it must be done.

Jason - from Glebe, 1 year

While I think it's important for us to understand what the Greek people are going through, I also believe that the Greek people have had it good for a long time. Corruption, not paying tax, retiring at 40 with a nice government pension and lying about debt. These actions can only lead to economic suffering and ruin. While the EU bailout may seem like "deathly medicine" in the short term, in the long term it is a much better option than leaving the eurozone, resulting in a rapid depreciation of the drachma 2 and setting a precedent for countries to leave.. This would also be beneficial internationally, quelling speculative behavior as well as the first step to insuring the strength of the EU.

swear to tell the truth but not the whole truth

barry - from burwood, 1 year

The Leftists know they have a good chance at success due to the backlash of voters having to endure some pain. What they wont tell the voters is just how much worse the pain will get if they vote to 'bail' out and end up out of the EU as a consequence of bailing out.

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