Tsipras has also insisted that debt relief must form an important part of the package, but a statement by
Eurozone leaders on Monday said only that further measures might be taken provided Greece adhered in full to the reforms demanded by its creditors.
Not exact matches
The leftist
leader Alex Tsipras,
on the other hand, had threatened to tear up the bailout agreement (though he had always promised not to leave the
Eurozone).
The deal, agreed to
on Monday after 17 hours of talks with
eurozone leaders, contains tough conditions including pension cuts, tax increases and the movement of public assets into a trust fund to pay for the recapitalisation of Greek banks.
Monti is
on a persuasion mission among the
leaders of the
eurozone to push for more drastic strategies that could be more effective in fighting the crisis.
European stock markets surged almost 2 % while Wall Street jumped more than 1 % after a breakthrough came early
on Monday when Donald Tusk, president of the European council, announced that the 19
eurozone leaders had unanimously reached agreement to keep Greece in the single currency, adding that Athens had signed up to «serious reforms».
So, ahead of a critical two - day summit in which Europe's
leaders will come up with a plan to solve the
eurozone crisis, the pressure will be
on him to tackle the issue in a way which doesn't compromise his own party's fractured views.
The prime minister's comments came after an informal summit of EU
leaders over dinner failed to reach concrete conclusions
on how to address concerns about Greece's future and high borrowing rates for other struggling
eurozone countries.
The Labour
leader has every reason to use Twitter because his policy
on the
eurozone crisis could easily fit into 140 characters.
George Osborne has called
on leaders to «get a grip» of the growing
eurozone debt crisis, warning that events could be «as damaging» as those in 2008.
It is perfectly reasonable that he wishes to postpone any action
on the EU question at present, as he describes the European
leaders as preoccupied with «fighting the fire» in the
eurozone, but it would be in Cameron's interest to slide off the fence in this instance, or to stop leaping back and forth over it, in order to allow a focused, informed debate to develop, without eurosceptics and europhiles alike having to second - guess his every future decision
on the subject.
While European Union
leaders meet in Brussels today
on bulwarking «a firewall» to the
eurozone crisis, Skate's Global More...