The request was made in a letter sent on Wednesday to EP president Martin Schulz in which Tsipras requested the “direct and full involvement of the EP – as the fifth actor in the context of the so-called creditors’ quartet”. Greek Prime Minister Alexis Tsipras has now got to follow through with imposing tax hikes and spending cuts. “The bailout program is a program that was agreed with the Hellenic republic… and it will be valid through election dates”.
The bailout deal is getting its final approvals in parliaments in several European states.
Tsipras had always been expected to seek early elections in the autumn to consolidate his position after caving into the creditors’ demands for more austerity and economic reform in return for 86 billion euros ($96 billion)in bailout loans. “Under no circumstances will we give the green light to anyone to apply this third bailout and perpetuate disastrous policies”, Panagiotis Lafazanis, head of the Syriza faction opposing Tsipras, told Real news website. Those 25 lawmakers, who will be called Popular Unity, are led by former energy minister Panagiotis Lafazanis.
“In October we have a meeting about a possible debt relief and (after the September 20 election) we hope for further progress of the programme”.
Conservative leader Vangelis Meimarakis said he would have a go, although the arithmetic of the current parliament means his New Democracy party has little chance of pulling a coalition together. It has cost him a major rebellion within Syriza that threatens to split the party and could lead to an early election as soon as next month.
Tsipras’ reversal in accepting such terms for the bailout caused outrage among Syriza hardliners.
TALLINN, August 18 (Xinhua) – The Estonian Parliament approved the latest Greek bailout plan in an extraordinary session on Tuesday, with 50 votes in favour and 37 against, according to Estonian Public Broadcasting (ERR).
He is now expected to announce action regarding the future of his government.
However, he said, “the downside of new elections is that they will slow the implementation of measures”.
Its known some German MPs are anxious about whether the IMF (international monetary fund) would agree on the deal.
Ahead of Tsipras’ announcement of his resignation, Greek stocks closed lower on Thursday in the face of the political uncertainty, falling 3.5 percent.
“Now that this hard cycle has ended…” “I feel the ethical and political responsibility to put to your judgment all I have done, successes and failures”.
“I was struggling with the decision no less than anyone else”, said Schaeuble, who had previously openly doubted the effectiveness of the new aid and suggested an option of temporary exit of Greece from the eurozone.
After months of fraught negotiations between the Greek government and lenders over the bailout, in which the country came close to the precipice of leaving the euro zone and bankruptcy, analysts are anxious that the hard-fought bailout deal could quickly unravel if a confidence vote is held.