Tsipras unwillingly defends bailout deal

Greek Prime Minister Alexis Tsipras announces that even though he does not approve completely bailout deal offered by eurozone leaders, deal must still be carried out

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Greek Prime Minister Alexis Tsipras said on Tuesday that he will work for the implementation of the bailout deal although he does not believe in it.

Tsipras said that even the eurozone summit had been “a bad night for Europe,” the deal saved Greece from exiting the euro, defending it must be carried out.

The Greek PM spoke in an interview on public television regarding the debt crisis saying, "I am fully assuming my responsibilities, for mistakes and for oversights, and for the responsibility of signing a text that I do not believe in, but that I am obliged to implement," he said.

Tsipras, who faces strong discontent within his Syriza party over the deal, said Greece must stick to the fiscal adjustment the deal foresees and added that he intends to serve a full four-year term, ruling out early elections.

"I won't escape these responsibilities and will try to implement my political programme over a four-year period," he said.

European leaders and the Greek government agreed on a conditional bailout programme on Monday, following 17 hours of negotiations in Brussels, in an attempt to eradicate the possibility of Greece dropping out of the eurozone.

The EU agreed for official bailout programme negotiations for Greece on the condition that the Greek government pass four key legislative bills in parliament by July 15, including the restructuring value added tax, broadening tax base, and radical reformation within the pension system and radical reduction of government spending.

Greece’s governmental assets will be privatised, creating a €50 billion ($54.1 billion) fund to be located in Athens in an effort to recapitalise Greek banks and open investment in the country’s economy.

Tspiras said he tried not to cut wages and pensions but the financial terms agreed in the deal was much more accommodative than the ones agreed to in the past.

The Greek parliament will vote on legislation to support the structural reforms foreseen in the bailout plan on Wednesday.

Tsipras will need support from opposition to push the measures through the parliament as several members of his party openly declared their opposition to the terms of the deal and most probably will vote against it or abstain during the proceedings.


TRTWorld and agencies