Reuters: Greek PM Tspiras faces party revolt over bailout deal
Greece's leftwing Prime Minister Alexis Tsipras faces a showdown with rebels in his own party on Tuesday furious at his capitulation to German demands for one of the most sweeping austerity packages ever demanded of a euro zone government.
Just hours after a deal that saw Greece surrender much of its sovereignty to outside supervision in return for agreeing to talks on an 86 billion euro ($95 billion) bailout, doubts were already emerging about whether Tsipras would be able to hold his government together.
The terms imposed by international lenders led by Germany in all-night talks at an emergency summit obliged Tsipras to abandon promises of ending austerity.
Instead he must pass legislation to cut pensions, increase value added tax, clamp down on collective bargaining agreements and put in place quasi-automatic spending constraints. In addition, he must set 50 billion euros of public sector assets aside to be sold off under the supervision of foreign lenders and get the whole package through parliament by Wednesday.
WNU Editor: He has lost a lot of credibility with his supporters .... but with no credible opponent I doubt that they would be able to replace him with someone else.
More News On The Revolt That Greek PM Alexis Tsipras Is Now Facing Over His Eurozone Bailout Deal
Greece: Tsipras faces dissent on bailout deal -- AP
Tsipras Faces Mutiny After Capitulating to Demands -- Bloomberg
Greece crisis: Tsipras faces rebellion within coalition -- Irish Times
Greek PM Alexis Tsipras faces party revolt over eurozone bailout deal -- Sydney Morning Herald
1 comment:
Perhaps knowing how the population would feel about the deal given the plebiscite gave him a mandate to say no, he is expecting the plan to be rejected so he can go back and say "well I tried so now you have to give me something better."
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