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Tsipras to Hold Coalition Talks.

Athens, May 9 (BNA) -The head of Greece's Syriza party- the Coalition of the Radical Left- Alexis Tsipras meets on Wednesday the leaders of the major parties in the country.

The 38-year-old leader of the Syriza party that surged in popularity in Sunday's poll, outlined a five-point plan to be put to conservative and socialist leaders today as he attempts to build a coalition, demanding the reversal of fiscal and structural measures that have enabled Greece to slash its budget deficit.

Tsipras has said he would try to bring together a coalition that rejects the stiff austerity measures associated with two bailouts of the Greek economy worth euro 240 billion ($307 billion).

However, with just 52 MPs in the 300-seat parliament, most observers expect him to fail. Greek stocks fell to 20-year lows while in Paris the CAC 40 slid 2.8 per cent and Germany's Xetra Dax closed down 1.9 per cent. The euro slipped 0.3 per cent against the dollar to $1.3022.


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Publication:Bahrain News Agency
Date:May 9, 2012
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