11:08 GMT20 September 2020
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    Greece’s Alternative Minister of Finance Nadia Valavani has resigned after criticizing Prime Minister Alexis Tsipras’ agreement on austerity measures with Western creditors.

    ATHENS (Sputnik) – Eurozone leaders reached an agreement Monday on a third bailout package to Greece, estimated at $95 billion over the next three years, which includes the obligations of the Greek parliament to approve unpopular austerity measures – including pension reforms and VAT increases – by the end of Wednesday.

    The austerity reforms face strong criticism from both Greek lawmakers and the public. Some 30 lawmakers from the ruling Syriza party have threatened to oppose the document.

    “Alexis, I am ready to serve in any capacity to the end during challenges. However, when our delegation returned with liabilities that are ‘stillborn measures’ and at such a price [by the creditors in fulfilling the reforms program], once again when the dilemma appears of retreating or Grexit, it will be impossible for me to remain a member of the government,” Valavani’s letter reads.

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

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    Tags:
    debt talks, bailout program, resignation, Alexis Tsipras, Greece
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