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    Greek Stocks Tumble 5% After Tsipras Reaffirms Anti-Austerity Measures

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    Greece's Prime Minister Alexis Tsipras said that the new government's anti-austerity agenda will remain unchanged.

    The stock exchange index dropped by over 5 percent after Prime Minister Alexis Tsipras told the parliament that he intends to fulfil his electoral promises regarding the anti-austerity measures, according to the media.

    Tsipras declared that while Greece will honor its debts, it won’t affect the anti-austerity course of the new government. The prime minister also asked the EU for additional funding to help prevent a default.

    The 5.38 percent index plunge reflects investors’ fears that Greece’s reluctance to seek a bailout extension may ultimately result in the country’s exit from the Eurozone. 

    Eva Kaili, an EU Parliament member, has told Sputnik that people want new productive European model.


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