Tags: Germany | Greece | euro | threat

Greek Party Leader Warns Austerity Threatens Euro

Tuesday, 22 May 2012 11:13 AM EDT

The leader of Greece's radical left Syriza coalition is warning that austerity measures championed by German Chancellor Angela Merkel could ultimately bring down the eurozone as whole.

Alexis Tsipras told reporters in Berlin Tuesday that Greece's international creditors must acknowledge their "errors" and change course "to avoid a catastrophe."

Syriza finished second in this month's Greek elections and some polls see it as the front-runner in fresh elections due next month.

Tsipras says that, under his leadership, Greece would ditch the terms of the bailout agreements struck with its creditors but it would not actively seek to leave the eurozone.

Still, he warns that insisting on those "wrong solutions" might eventually force Greece out of the 17-nation eurozone — which "would represent a much greater danger for the euro."

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


128
2012-13-22
Tuesday, 22 May 2012 11:13 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved