Wednesday, July 29, 2015

Tsipras’ election may be necessary “- Business Week

Greek Prime Minister Alexis Tsipras says he does not feel any remorse for the past five months events but flagging that the country may be forced for election.

To call a referendum on the loan agreement in Greece was a risky choice, but there was no alternative. The decision on the referendum was taken on June 25 in Brussels.

It said Greek Prime Minister Alexis Tsipras in an interview with radio station Sto Kokkino on Wednesday, according to Bloomberg News.

He said that Greece can not be return to the markets for financing with debt at current levels, but he expects that Greece will get debt relief in November.

He said that his mandate was to put a stop to the destruction of Greece, but he has never promised that it would be an easy trip.

Things have now changed for Greece and his own party Syriza, and Europe is not the same as the prior agreement between the lenders and Greece on 12 July.

The next six months will be crucial for the EU and the euro area, he further said.

He said that he did not feel any remorse for the events during the last five months. The agreement with the lenders was a painful compromise and a Pyrrhic victory for the lenders but an important moral victory for the Greeks. The prime minister believes, however, that the impact on the economy due to debt talks is possible to turn around.

Tsipras also argued that the termination of talks with lenders had led to a collapse of Greek banks. That lenders shut down banks were, according to him an act of revenge.

Greece is only going to implement decisions of the EU summit, nothing beyond this and depending on the circumstances, the country can come to present a balanced primary budget in 2015.

Furthermore, Prime Minister Alexis Tsipras also that he believes that early elections may be necessary if he does not have the necessary majority in Parliament.

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