Prime Minister Alexis Tsipras commented on the agreement reached with Greece’s creditors following the marathon 17-hour European summit, underlining that his government has fought hard for the past six months.
The Greek PM argued that while the decision was difficult, the transfer of assets to a foreign-based fund was averted, along with the credit asphyxiation that was being implemented. Mr. Tsipras claimed that the agreement will allow Greece to stand up on its two legs and continue fighting for its sovereignty and underlined that “we have left a significant legacy regarding the necessary changes throughout Europe”.
Furthermore, Mr. Tsipras underlined that the through the tough negotiations abroad he has won medium-term funding for Greece, and eventual debt relief.
While the PM conceded that he measures will create recessionary tendencies and will be hard to implement, he was hopeful that with the financial stability to come, there will be a prospect of recovery. He added that the burden will be distributed according to social justice and stressed that despite the tough measures, the ‘Grexit’ is a thing of the past.