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10 June 2012

FT: Greek left seeks to exploit Spain bailout


Alexis Tsipras, leader of Greece's leftwing Syriza coalition, seized on news of the Spanish bailout to bolster his position ahead of next week's crucial general election, which may determine whether the country stays in the euro.

“The developments in Spain confirm the position we adopted from the start – that the crisis is a pan-European problem, and the way it has been handled so far has been socially catastrophic and completely ineffectual”, said Mr Tsipras who opposes the bailouts.

Antonis Samaras, the pro-bailout conservative leader, said the Spanish bailout terms showed “the benefits of taking the road of responsibility”. Greek political leaders have pledged to renegogiate the bailout deal, shrugging off warnings from Brussels and Berlin that they must abide by its terms or leave the eurozone. Mr Samaras hopes to avert further cuts in wages and pensions.

Full article (FT subscription required)



© Financial Times


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