Tsipras Wants to Avoid Fallout from Troika Reform Criticisms

FILE - Greek Prime Minister Alexis Tsipras, left, meets with European Commissioner for Economic and Financial Affairs Pierre Moscovici in Athens, on Thursday, Feb. 28, 2019. (AP Photo/Petros Giannakouris)

ATHENS – Backpedaling after Greece’s lenders indicated he was trying to wiggle out of more tough reform he imposed after swearing he wouldn’t, Prime Minister Alexis Tsipras is trying to find a way to take the offensive with elections coming.

A report from the Troika of the European Union-European Central Bank-European Stability Mechanism (EU-ECB-ESM), which in 2015 put up a third rescue package, of 86 billion euros ($97.49 billion) said the Radical Left SYRIZA leader’s government was lagging.

The creditors are holding up disbursement of 750 million euros ($850.17 million) in the return of profits by Troika region banks in their holdings in Greek bonds, part of a debt relief deal agreed in 2018, delaying a series of installments until the government finishes up reforms and more austerity.

Far behind in polls to the party he unseated, the major opposition New Democracy, Tsipras has given a bevy of handouts, stopped planned pension cuts, and wants to give state debtors 10 years to repay and has partially restored the minimum wage.

Reeling on the domestic front after giving away the name of the ancient Greek province Macedonia to rename The Former Yugoslav Republic of Macedonia (FYROM) as North Macedonia, Tsipras is also trying to show he’s a statesman, said Kathimerini.

He’ll move out of the local political scene and is expected to take some of the credite for the signing of an agreement between Greece, Israel and Cyprus for the construction of the East Med pipeline, which will transfer natural gas from the Eastern Mediterranean to Europe via Greece and Cyprus.

According to reports, the deal will be signed by Tsipras, his Israeli counterpart Benjamin Netanyahu and Cyprus President Nicos Anastasiades within the month with the project getting a big boost when the US company ExxonMobil announced a big gas field find off the divided island.

1 Comment

  1. So far ..the organized crime family of Nato and the EU.and their personal banksters ..want more of Tsipras..to keep him in power!

    Tsipras sold out Greece ..when he ignored what the “POPULACE” voted to have him reject the EU bail out money ..which is simply the organized crime families of the U.S , Nato and EU called Loan Sharkers …who take advantage of desperate political drug addicts , who sell not only their souls , but the people of Greece’s souls to these devils ..for whatever price it takes to maintain their personal glory!

    The price to the people of Greece…is that they are stuck forever under the yoke of leaches ..who will continue to rape Greece with the friends of the U.S , EU and Nato!

    MIstotakis and Tsipras ..have both surrendered themselves to these demonic tyrants …and will continue to serve their masters in Brussels and Washington…and make their enemies …the enemies of Greece!

    Investments in Greece …will continue to be foreign carpetbaggers who take over on the cheap the land and water of Greece…and dictate the personal interests of corporate billionaires…like what has happend to America!

    In America …the debt of the U.S economy is 27 trillion dollars ..and growing everyday…yet corporate empires , like Amazon, pay no taxes based on making 14 billion dollars in profit!

    Default on these loans, convert to the Drachma, Get out of the EU..and build an economy and budget for Greeks..not Global Aristocrats!


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