Greece's radical Left coalition wants Euro, not Austerity
The head of Greece's Radical Left Coalition, Alexis Tsipras, said Thursday that he will go as far as I can to keep Greece in the EuroZone, despite declaring earlier this week that the Greek bailout agreement is null and void and should be abandoned.
Mr. Tsipras, who could not form a coalition government this week after his party came 2nd in Sunday's election, said a Greek exit from the EuroZone would be disastrous.
Tsipras said he is willing to negotiate with the so-called troika; the International Monetary Fund (IMF) , the European Union (EU), and the European Central Bank (ECB) to keep Greece in the EuroZone.
But his opposition to the austerity measures, known in Greece as the memorandum that are required for Greece to get further bailout money puts him in direct conflict with the troika.
I disagree with what is at heart of the memorandum, Mr. Tsipras said, adding that further austerity will make us a third world country in the EU.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.