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Tuesday, July 7, 2015

Greek Political Leaders’ Official Announcement

Greece’s political party leaders summit concluded after almost 7 hours of talks with an agreement for a common political front to find a solution and reach a deal with international creditors, following the “No” vote result in Sunday’s referendum.

Under the supervision of the President of the Hellenic Republic, Prokopis Pavlopoulos, the SYRIZA-ANEL coalition agreed with New Democracy, “To Potami” and PASOK to cooperate in the negotiation proposal. The Greek Communist Party (KKE) did not agree and reiterated its long held position that it rejects any bailout deal with austerity measures. Golden Dawn party leader Nikos Michaloliakos did not participate in the meeting and Golden Dawn is not part of this common front.

The Presidency of the Hellenic Republic released the official announcement signed by the 5 political leaders.

“The political leaders’ recent decision by the Greek people is not a mandate for rupture but a mandate for the continuation and the strengthening of the effort to achieve a socially just and financially sustainable agreement,” the announcement read. “The government takes on the responsibility to continue negotiations toward this direction. And every political leader will contribute respectively in the framework to their institutional and political role.”

The immediate priority is to secure liquidity for Greece’s financial system.

Beyond this first need, the announcement laid out the common goals that they wish to achieve. Namely, securing sufficient financing for Greece and having credible reforms with the least possible recessionary effects. Moreover, the 5 party leaders want a strong growth program to combat unemployment and promote entrepreneurship, and finally, a meaningful discussion to find ways to deal with Greece’s debt sustainability challenge.

Greek Prime Minister Alexis Tsipras will inform the leaders today Tuesday’s Euro Summit developments.

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