Tsipras live — Alternatives during summit were: agreement or disorderly bankruptcy

‘Crunch time’ continues for Greek PM, his government and the country’s finances

Greek Prime Minister Alexis Tsipras on Tuesday evening again appeared on national television, not to make a proclamation or to promote a specific answer to any referendum, but this time to answer questions by two presenters on the state-run broadcaster (ERT) dealing with the whirlwind developments surrounding the “Greek euro crisis” over the recent period.

His latest live television appearance came a day before an utterly crucial vote in Parliament on the agreement finally worked out by Athens with its European creditors on Monday morning.

Tsipras’ comments, in bullet form:

– There is  real problem with the (Greek) pension system

– It’s not progressive to retire at the age of 45

– This (bailout program) adaptation is milder than cuts in wages, pensions

– Wages, pensions are not reduced, but VAT rates are raised; that’s the irrationality of the policy that is imposed on us

– There is a commitment for a restructuring of the debt

– We’ve left Grexit behind

– The agreement includes harsh reforms, but there is a prospect, which was not (evident) in the June 25 ultimatum

– I tried to vie for as much as I could

– There was also a Schauble version (of a bailout plan)

– Alternatives were: agreement or an disorderly bankruptcy

– The night before last was a bad evening for Greece

– Today I want to only speak truths and not beautify things

– I took risks. In life and in politics you must take risks

– When I decided on the referendum, I had the conviction that it would give us the necessary extension (of time). There was a vindictive stance on the part of the partners

– I am convinced by the fact that I took matters to an extreme. I took things to the point they had never gone (before). Someone may criticize me that I went too far. No one can criticize me for not doing everything I could. We reached a point that was outside the framework of the support program

– They were giving us one billion euros for five months, and then again negotiations for new terms. We had an absolute impasse 10 days ago … You can criticize me for (having) an illusion that this Europe can be defeated, but you cannot criticize me for lying

– I am not willing to flee from my responsibilities

– Within this harsh framework there are possibilities for a redistribution (of wealth?)

– I hope that the economy will return to growth rates, so that we can redistribute in a fairer manner

– It’s clear that the country is receiving 82 billion euros, and that it must maneuver within the a fiscal framework as dictated by this agreement

– The EKAS bonus (for low-income pensioners) will not be abolished, but it will be replaced in 2020

– We struggled so that pensions would not be reduced

– I do not want to beautify anything, but on the issue of pensions we managed to avoid cuts

– There is no ‘bridge-program’ as yet. Some people are blocking it

– When asked about the prospect of expelling MPs from ruling SYRIZA, he said: “that’s not in my (political) culture, nor in my party’s (culture)”

– We’re amid dire conditions

– There is no Plan B

– When I understood this (of a Grexit plan) I communicated with Merkel and told her that I consider this as unfathomable. She told me that is was not her plan, and the story ended there

– Schauble’s option was a consensual option. I understood this when Yanis Varoufakis conveyed a message in March or April

– Those (Greek citizens) that had transferred their money abroad would have gotten by just fine. That (Grexit) was not a leftist option

– An disorderly default (bankruptcy) would have led to the issuance of a (new) currency

– The country does not have cash reserves to back a new currency

– The decision was the one I made, with the criterion of what is best in the interests of the country at the moment and the working classes. This is reality

– I will not say that I brought about a success story, like the previous (governments)

– Asked about a possible break-up of ruling SYRIZA, he said he will do whatever possible to keep the leftist party intact

– A consensual Grexit would have meant a return to a national currency with the continuation of the memorandum

– Certain hardline conservatives in Europe do not feel comfortable with the existence of a government that is different than the framework they are used to

– Cracks in Europe have begun. Soon, harsh austerity will not be a one-way street

– The day before last was a milestone for Europe

– I overestimated the power of a people’s just cause

– Our vision will be vindicated

– I do not believe in a ‘special purpose’ government. A prime minister must struggle, take decisions, and not flee

– I relations with (DM and coalition partner) Panos Kammenos are excellent

– Asked if the possibility of Grexit has been avoided: I can’t say with certainty until agreement ratified

– Tsipras on Summit: The responsibility was difficult, but there was no chance that I would have accepted Schauble’s proposal for a Fund (to retain Greek assets). Various prime ministers, in a rude manner, pointed the finger at an elected prime minister

– ERT does not have a fiscal repercussion

– The prime minister of the Netherlands tabled the issue of ERT

– It’s up to (Parliament president) Zoe Constantopoulou whether she presides tomorrow (Wednesday)

– I respect the position and stance of every deputy

– On banks: They cannot open automatically, there will be a gradual return of normalcy in the banking system, in time, which I cannot determine

– On banks: The issue of when they’ll open depends on when we’ll have a final ratification of the agreement. I do not believe we will need a ‘haircut’ of deposits. That’s why we’ll receive 25 billion euro. I believe it is more than enough.

– The message to the markets today is that Greece will no longer have a debt problem

– Tsipras on Summit: Finns said not a euro of ‘fresh money’ for Greece

– Tsipras on Summit: I gave a battle until the early morning. Twice I forced a break in the council, and in the end to accept the proposal we had tabled

–  Tsipras on Varoufakis: He made mistakes during the negotiations, but I take responsibility for the mistakes

– My relationship with him (Varoufakis) has not soured

– The fact that someone is an excellent economist does not mean that he’s cut out to be a politician. A politician must be able to control himself. But I appreciate his honorable character. He wanted to serve the country’s interests.

– I assume Varoufakis’ mistakes

– Whether we proceed to (snap) elections does not depend on my intention, it’s not in my intentions. I can now only contend with blocking the plans of certain hardcore conservatives

– What is important now is to ensure the (bailout) program