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Alexis Tsipras on the “exit” to the market




April 10, 2014

Alexis Tsipras made a speech today at the conference, “Together we can put an end to the problems of debt and austerity in Europe,” organized by the Party of the European Left. Referring to the notorious exile of Greece from the international bond market, Alexis Tsipras emphasized, “the Troika (the European Commission, the International Monetary Fund and the European Central Bank) and the Greek government have decided to re-enter the market with a similar interest rate to that before they left the market—and which was considered prohibitive.” Today they do not consider it prohibitive to borrow 2.5 billion in five year bonds, which will yield guaranteed profits of over 600 million for “investors”.  They are increasing the debt and subsidizing the speculators with interest rates of loan sharks. And they are celebrating these facts. “This return to the market is a crime against the Greek people and all the Europeans since it annuls the discussion and the possibility of restructuring the debt and the writing off of a large part of it. And these constitute the prerequisites for an exit from the crisis and the recovery of the Eurozone,” added Tsipras.




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