Placeholder canvas

Greeks back governments red lines but want to keep euro

Date:

Cash-strapped Greeks remain supportive of the leftist government’s tough negotiating style, according to a new poll published Sunday, but hope for a deal with creditors that will keep the euro in their wallets.

The poll conducted in May by Public Issue for the pro-government newspaper Avgi, shows 54 percent backing the Syriza-led government’s handling of the negotiations despite the tension with Greece’s international lenders.

A total 59 percent believe Athens must not give in to demands by its creditors, with 89 percent against pension cuts and 81 percent against mass lay-offs.

The Syriza-led government is locked in talks with the European Union, European Central Bank and the International Monetary Fund to release a blocked final 7.2-billion-euro ($7.9 billon) tranche of its 240-billion-euro bailout.

In exchange for the aid, creditors are demanding Greece accept tough reforms and spending cuts that anti-austerity Syriza pledged to reject when it was elected in January.

According to reports, creditors are demanding further budget cuts worth five billion euros including pension cuts and mass lay-offs.

Prime Minister Alexis Tsipras made clear on Saturday however that his government “won’t budge to irrational demands” that involve crossing Syriza’s campaign “red lines”.

Greece faces a series of debt repayments beginning next month seen as all but impossible to meet without the blocked bailout funds. Failure to honour those payments could result in default, raising the spectre of a possible exit from the euro.

That is a scenario Greeks hope to avert, with 71 percent of those polled wanting to keep the euro while 68 percent said a return to the drachma could worsen the economic situation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

“People judged me for not affording a Rs 4 lakh monthly fitness trainer,” Parineeti Chopra reveals

Parineeti Chopra recently shared insights into her early days...

IPL 2024: KL Rahul and Deepak Hooda’s Fifties Guide LSG To 196/5 Against RR

Lucknow: Half-centuries from KL Rahul and Deepak Hooda propelled...

IPL 2024: Khaleel, Mukesh, Rasikh Salam’s Supercharged Pace Attack Helps DC Seal 10-Run Win Over MI

New Delhi: Rasikh Dar Salam, Mukesh Kumar, and Khaleel...

Vande Bharat Metro Trial Runs To Begin In July 2024

New Delhi: India is set to mark a significant...