Greek leader to reject EU's austerity, lay out leftist program




 
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February 8th, 2015  
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Topic: Greek leader to reject EU's austerity, lay out leftist program


By Jeremy Gaunt ATHENS (Reuters) - New Greek Prime Minister Alexis Tsipras will lay out his radical left-wing government's policies in a speech later on Sunday, firmly rejecting any more austerity forced on his debt-strapped country by its euro zone partners. The speech will be closely watched by European Union leaders who to date have shown scant willingness to meet Tsipras's demands, fearing a wholesale backtracking on the fiscal and economic reforms international lenders have demanded in exchange for some 240 billion euros worth of assistance. British finance minister George Osborne, speaking from outside the euro zone, has said the standoff is one of the major risks facing the global economy. Finance Minister Yanis Varoufakis will meet euro zone counterparts the day before.




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