September 12, 2016
Greek PM Insists Light At End Of Tunnel Is Not Train Heading In Your Direction
Greek Prime Minister Alexis Tsipras tried to fight his low poll numbers by going on the offensive against Greece’s creditors in the eight-year-old debt crisis that the country’s been facing. At a recent press conference in Thessaloniki, Tsipras told the press that Greece could see “light at the end of the tunnel” and a return to economic growth if lenders could only agree on writing off some of Greece’s huge debt pile. Tsipras insists that after eight years of depression, growth is just around the corner for 2017. The argument, while optimistic, sounds eerily familiar to the one his predecessor had made – and Tsipras had dismissed – before he took power in 2015. His partners in the EU aren’t convinced though, especially when you consider that Greece only implemented two out of 15 promised reforms since last year. What makes things even more complicated is that Germany faces national elections next year, and with Merkel struggling to hold onto power, its hard to imagine her throwing Greece a lifeline.
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