Greece Plans Labelled as ‘Fantasy’

U.K. Labour Party politician and contender for the leadership of the party, Liz Kendall, has attacked the Greek government, which has so far failed to reach a compromise with creditors, comparing their methods to “fantasy”.

Kendall, who is up against three other Labour politicians in a fight to win leadership of the party, which suffered a bruising defeat in the U.K. general election, said the situation with Greece posed a “historic moment for Europe”.

“Progressive social democratic parties have to find a credible alternative to the ever-continuing austerity which sees people suffer and the fantasy politics of (Greece’s) Syriza and (Spain’s) Podemos on the other. And that is just as much a challenge I believe for the U.K. Labour Party as it is for our sister parties right across Europe,” Kendall said at a CNBC event in London.