EU’s bailout program for Greece ‘dead’ – Syriza economist

The bailout program, which the outgoing Greek government signed with the EU, is dead and will be renegotiated, Yiannis Milios, chief economy policy maker at the leftist anti-austerity party Syriza said after it won the country’s parliamentary election.

European Union Finance Ministers are scheduled to meet in Davos on Monday, but Milios said that Greece’s current finance minister, Gikas Hardouvelis, will attend the gathering only to “close pending cases of technical matters.”

“This program, which was agreed by Mr. Hardouvelis as representative of Mr. Samaras, is now dead,” he explained.

Celebrating the victory, the party’s leader Alexis Tsipras announced to the cheering crowd that the era of ‘Troika’ debt inspectors is “over” for Greece.

“This is a historic victory of the Greek people. A new page has turned. It is a historic moment for the entire Europe. We turn a new page in our country. The Greek people take their future into their own hands,” Milios was also cited by ANA-MPA news agency.

“Europe cannot continue with the deflation, recession, the rising unemployment and excessive debt. Greece leads the way, our country, our people are the pioneers of a huge change. We are all very emotional and happy,” he added.

Full article: EU’s bailout program for Greece ‘dead’ – Syriza economist (Russia Today)

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