Tuesday 17 October 2017

Greek PM proclaims end to austerity

Greek prime minister Alexis Tsipras addresses the parliament during his government's policy statement in Athens (AP)
Greek prime minister Alexis Tsipras addresses the parliament during his government's policy statement in Athens (AP)

Greece's prime minister has presented his newly-elected government's policy statement to lawmakers, proclaiming an end to the era of austerity and "five years of bailout barbarity".

Insisting on a "bridge agreement" that would give Greece and its creditors time to negotiate a new debt deal much more favourable to the country by June, Prime Minister Alexis Tsipras appeared to insist on an approach that got short shrift from EU partners in a series of meeting that Mr Tsipras himself, and his finance ministers, had with European officials this past week.

Mr Tsipras emphasised measures to provide for the poor and to clash with vested interests.

But raising the minimum wage to pre-crisis levels was postponed until 2016.

Greek lawmakers will debate the policy statement and hold a confidence vote at midnight on Tuesday.

Press Association

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