Meanwhile, Greek Prime Minister Alexis Tsipras has told Greek TV that Europe "can change" if "forces similar to Syriza" win the next election in Spain where left wing anti-austerity party Podemos is currently topping the polls.
Tsipras made the comments as he appeared on TV for the first time since singing up to a third bailout deal with the Troika.
— Alexis Tsipras (@tsipras_eu) July 14, 2015
English translation of #Greece PM #Tsipras interview on ERT after the #Eurogroup deal http://t.co/rsbz6M80DO pic.twitter.com/5zEAlFcgup
— Jari Kuikanmäki (@jarikuikanmaki) July 14, 2015
But contrary to what Tsipras thinks, Greece hasn't sent a good 'Grexample'.
Despite sharing disputes with the EU over austerity measures imposed by Brussels, "Spain is not Greece," Nacho Alvarez, head of economic policy at Podemos said.
"Greece and Spain are different economies in very different situations, which demand different economic strategies. Podemos and Syriza have different economic approaches."
Nacho Alvaraz said the deal was "not a good agreement" because it wasn't what the Greek people voted for. They rejected more austerity reforms.
ERT TV #Greece Tsipras: Schaeuble told Varoufakis in March, tell your PM for a consensual #Grexit with humanitarian aid and bailout loan.
— Keep Talking Greece (@keeptalkingGR) July 14, 2015
So instead of following in Tsipras' footsteps, Sam Bowman, deputy director at the Adam Smith Institute in the UK, believes countries like Spain may "feel destroyed and terrified" following the third bailout deal for Greece.
In a recent interview with Sputnik, Bowman said:
"What the EU has shown is that you cannot flex your muscles; ultimately we will kick you out if you don't do things our way and voters in Spain, Portugal and Italy will be saying we don't want to be the next Greece."
And perhaps Podemos agrees? Since Tsipras' deal with the Troika, the leftwing Spanish party is working to distinguish itself from its Greek ally.
Tsipras on ERT. Saying the right things, emphasising positive, but somehow different. Like a flame was extinguished. pic.twitter.com/JqAbmnt3NN
— Alex Andreou (@sturdyAlex) July 14, 2015
Meanwhile, the popularity of Podemos is rising causing concern for the ruling Popular Party which says if Podemos win the country's forthcoming election, any change in Spain's economic passage could plunge the country back into recession.
By 2016, Spain, in accordance with EU treaty rules, must bring the deficit below three percent of its economic output.
