Greek Prime Minister Alexis Tsipras delivered his first policy speech to parliament. The plan dismantles the “austerity” forced upon Greece by the terms of the European bailout, but establishes his government on a collision course with Greece’s European creditors.
“The bailout failed,” the 40-year-old PM said to applause. “We want to make clear in every direction what we are not negotiating. We are not negotiating our national sovereignty.”
Rather than an extension of the bailout when it expires on 28 February, Tsipras called for a bridge loan to tide the country over until June, when a more long-standing loan arrangement can be established. But Eurogroup chief Jeroen Dijsellbloem on Friday had already ruled out that possibility: “We don’t do bridging loans,” Dijsellbloem said. Greece and the EU will get another chance to talk about it on Wednesday when Finance Minister Yanis Varoufakis faces his 18 euro-area counterparts in an emergency meeting.
But in Athens, Tsipras said he intended to fully respect campaign pledges to heal the “wounds” of the austerity. That includes a freeze on pension cuts, withdrawing a property tax hike, free electricity to those who have been cut off, reinstating government jobs, and raising the minimum wage.
“We see hope, dignity and pride returning to Greek citizens. Our obligation and duty is not to disappoint them,” Tsipras said.