• Opposition calls for snap elections in Greece as bailouts end Aug. 20

As bailouts will end in Aug. 20, fresh call by Greece conservative opposition has been made for snap elections in the country.

 As Greece prepares for its' official exit from its' third bailout program on Monday, New Democracy spokesperson Maria Spyraki  on Saturday renewed its' call for snap elections.

In an interview with Parapolitika newspaper published on Saturday, New Democracy spokesperson Maria Spyraki said that “the crucial issue for Greece, now that the bailout loans are over, is to move ahead without looking back.”

Greece’s economic performance, Spyraki said, will from now on be under the creditors’ supervision but also under the watchful eye of the financial markets.

“The prolonged crisis of confidence [in Greece] is putting the sacrifices of the Greek people at risk,” she said, adding that a speculated cabinet reshuffle would not lead to better governance.

Greece will exit its bailout program on Monday after eight years of highly unpopular memorandums, but the government’s plans to mark the occasion with fanfare have been dashed by the fallout from the deadly Attica fires on July 23 which left almost 100 dead. 

Plans for a celebration canceled in the wake of July 23 wildfires that killed 96 people, three international bailouts of 326 billion euros ($372.15 billion) will end Aug. after more than eight years that brought millions of Greeks brutal austerity and harder lives.

Prime Minister and Radical Left SYRIZA leader Alexis Tsipras has claimed he’s bringing a recovery without mentioning, if so, it’s largely because he reneged on anti-austerity promises, which have seen his popularity plummet to as low as 10 percent.

The government will use 9.5 billion euros ($10.84 billion) from the last bailout installment of 15 billion euros ($17.12 billion) – from a third rescue package of 86 billion euros ($98.17 billion) that Tsipras said he would never seek nor accept but did both, as a cash buffer for up to 22 months before trying to make a full market return.

 

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Aug 18, 2018 20:58 Asia/Tehran
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