Tsipras believes bailout bad deal
IN AN extraordinary interview on Greek public television, Greek Prime Minister Alexis Tsipras has revealed he does not believe in the tough bailout deal offered by eurozone leaders but agreed to implement it to save the nearinsolvent country.
Mr Tsipras also insisted he would not quit despite growing dissent among the country’s people over the € 86 billion ($ A127 billion) bailout’s draconian austerity measures.
Defending the agreement, he said the ‘‘ bad deal” was the best available.
“I assume responsibility for all mistakes I may have made,” he said. “I assume responsibility for a text I do not believe in, but which I signed to avoid disaster for the country, the collapse of the banks.’’
Greeks took to the streets in Athens yesterday angry at the way Mr Tsipras handled negotiations, rejecting lighter reforms in months of talks before caving in to harsher austerity measures at the 11th th hour hour.
On the eve of a key parliamentary vote on the reforms, Mr Tsipras said he had fought a battle not to cut wages and pensions, adding the fiscal adjustment agreed in the deal was milder than adjustments agreed to in the past.
The 40- year- old Prime Minister also faced strong discontent within his own Syriza party over the deal.
But he said he intended to serve a full four- year term. “The worst thing a captain can do while steering a ship during a storm, as difficult as it is, is to abandon the helm. The hard truth is this one- way street for Greece was imposed on us.”
Mr Tsipras insisted things would have been worse had there been no deal.
“A disorderly default would not only have led to a collapse of the banking system and a disappearance of all deposits, but it would force you to print a currency which would be drastically devalued because there is no reserve to support it,” he said.
and Alexis Tsipras on TV.
A poster of Wolfgang Schauble (