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Greek prime minister says his country does not want a bailout extension

The new Greek government has announced a programme of anti-austerity measures. The country's newl...
Newstalk
Newstalk

08.37 8 Feb 2015


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Greek prime minister says his...

Greek prime minister says his country does not want a bailout extension

Newstalk
Newstalk

08.37 8 Feb 2015


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The new Greek government has announced a programme of anti-austerity measures.

The country's newly appointed prime minister revealed that the country's public television station will re-open as part of the package, along with a promise to raise the country's minimum wage.

Alexis Tsipras made a key note speech in the Greek parliament today, saying that his country does not want a bailout extension.

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The Syriza government is instead is seeking a bridge programme which would buy time to negotiate a new deal.

It comes following reports that the Taoiseach and finance minister are set to tell their European Union counterparts that Ireland is against a complete wipe out of debt for Greece.

Government officials are extremely concerned about allowing an all out debt forgiveness, their attitude described as being 'hardline' by some.

According to the Sunday Business Post, the Economic Management Council met last week to agree that Ireland should not support any push for a debt write-down.

It is reported that government officials are concerned that granting the request from the Greek anti-austerity coalition would "encourage extreme parties across Europe".

It is believed there is also little support for continued help for Greece unless it applies for an extension to its bailout programme.

The news comes ahead of a Eurozone finance ministers meeting on Wednesday, while EU heads of government will meet Thursday.

The paper says government officials here have been in constant contact with their counterparts ahead of the meetings.

Eurozone

The former head of the US Federal Reserve says it is only a matter of time before Greece is forced out of the Eurozone.

Alan Greenspan says it is hard to see any other outcome as Greece's left-wing Syriza government tries to renegotiate the terms of the country's huge bailout.

The British Chancellor George Osborne says the UK's Treasury is making contingency plans should Greece decide to go it alone.

Meanwhile, economists and trade unions in favour of a write-down for Greece met in Dublin today.

Their discussions focused on sovereign debt levels in Greece, Ireland, and other EU members.

Dimitris Sotiropoulos is an economist, member of Syriza and advisor to the Head of Economic Policy of the party.

He told the Sunday Show here on Newstalk he is not surprised by the Irish government stance.

Originally posted at 12.46


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