Greece's Anti-Bailout Leader Says He's Calling Europe's Bluff

alexis tsipras syriza

Photo: Reuters Live Stream

The leader of the leading Greek anti-bailout party SYRIZA spoke in Athens today, arguing that the bailout must be scrapped and that Europe is bluffing when it states that the June 17 elections are a referendum on Greece’s membership in the euro.”One cannot enforce the agreement partially,” he said (via @stratosathens), adding that Europe continues to postpone a solution for the Greek crisis.

Tsipras also promised that he would bring an exit from the crisis and give Greeks an equal role in the euro area, according to Bloomberg. His first act would be to cancel the bailout.

He’s also framed the vote as a decision between a corrupt, old Greek government and a new, stronger one led by SYRIZA. eKathimerini reports that he characterised the polls as a decision “about hope versus yesterday.”

He also told Greek voters that the bailout helps the wealthy, tax evaders, and offshore companies

Among his promises today (via Bloomberg):

  • An end to the privatization of strategic assets and return privatized companies to state control
  • Nationalize banks as part of a bank recapitalization plan
  • Taxation of high incomes and cancellation of tax breaks for shipping
  • To get rid of minimum wage cuts
  • Renegotiation of the terms of international loans
  • Reduce taxes on the tourism sector and gradually bring down sales taxes

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at