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    A flag which says stop and has euro money signs in the EU stars flaps in the wind during a protest march in solidarity with Greece in the center of Brussels on Sunday, June 21, 2015.

    They Treated Greece as Colony: Minister Slams Bailout Plan as Unacceptable

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    Panagiotis Lafazanis said that the agreement voided the people's will expressed in the "Greferendum" and Western partners treated Greece as extortionists.

    ATHENS (Sputnik) – One of the most influential members of Greece’s ruling Siriza party, Energy Minister Panagiotis Lafazanis, has called the deal struck with EU creditors on the country’s economic crisis “unacceptable.”

    “The agreement signed by the ‘institutions’ of creditors is unacceptable,” Lafazanis said.

    On July 5, the Greek public said "no" to austerity measures in a nationwide referendum on international creditors' proposals.

    Greek Prime Minister Alexis Tsipras submitted a new austerity program on the country's debt settlement, that included pension and tax reforms and was supported by the leaders of the Eurozone on Monday.

    He said that Western partners, specifically Germany, had treated Greece as a colony, extortionists, and “financial murderers.”

    “This agreement practically voids the people’s mandate of their proud ‘No’ that was expressed by the Greek people in the referendum,” Lafazanis said.

    Greece owes to its main creditors — the European Central Bank, the International Monetary Fund and some Eurozone nations — some $270 billion of its total $350-billion debt.

    Topic:
    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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    Tags:
    Greferendum, bailout program, Greek Bailout Referendum, European Union, Panagiotis Lafazanis, Germany, Greece
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