Tsipras Opposition Won’t Back New Fiscal Measures

Greece’s main opposition party has a clear message for Prime Minister Alexis Tsipras: Don’t count on us to bail out your government.

The country needs new elections, and the New Democracy party will vote against the “excessive” fiscal measures demanded by creditors for 2019 and 2020, its leader Kyriakos Mitsotakis said in a Bloomberg TV interview on Thursday.

“These fiscal measures are the cost that Greece unfortunately has to pay for the incompetence of this government,” he said. “Mr Tsipras has brought us into this mess. He’s been claiming that he has a solid parliamentary majority so it’s up to him to deliver.”

Bloomberg

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam