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Varoufakis Describes Tsipras’s Agreement With Creditors As 'Mistake'

© AFP 2023 / Louisa GouliamakiGreek Prime Minister Alexis Tsipras arrives at his office in Athens just after flying in from Brussels on July 13, 2015.
Greek Prime Minister Alexis Tsipras arrives at his office in Athens just after flying in from Brussels on July 13, 2015. - Sputnik International
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Former Greek finance minister Yanis Varoufakis described Alexis Tsipras' decision to accept the bailout conditions as a mistake.

A man passes graffiti in Athens, Tuesday, July 7, 2015. Greek Prime Minister Alexis Tsipras was heading Tuesday to Brussels for an emergency meeting of eurozone leaders, where he will try to use a resounding referendum victory to eke out concessions from European creditors over a bailout for the crisis-ridden country - Sputnik International
Dissident Syriza Lawmakers' Party Slams Greek Gov't Over Bailout Deal
BRUSSELS (Sputnik) – Greek Prime Minister Alexis Tsipras’ decision to comply with the conditions requested through the bailout deal by the country’s international creditors was a mistake, former Finance Minister Yanis Varoufakis said Tuesday.

On Thursday, Tsipras announced his resignation to pave the way for early elections in a bid to secure popular support for his position on the bailout agreement with the country's creditors. The terms of the agreement include harsh austerity measures for Greece.

“He [Tsipras] believes that there were compelling reasons to sign this agreement, and there really were. But, all in all, I think he made a mistake,” Varoufakis said, as cited by the Le Soir news portal.

The former minister added that he voted against the agreement.

Greek Finance Minister Yanis Varoufakis arrives for his press conference in Athens on July 5, 2015, after early results showed those who rejected further austerity measures in a Greek crucial bailout referendum were poised to win - Sputnik International
Greek Finance Minister Varoufakis Resigns, and Here is Why
Varoufakis, previously a key figure in the country's negotiation with its creditors, stepped down on July 6, stating that he had become aware that his resignation could help the prime minister reach an agreement.

On August 14, after months of negotiations, the Eurogroup approved the third bailout package for debt-ridden Athens, worth 86 billion euro ($99 billion at the current exchange rate), requiring in return more reforms, including tax increases and pension cuts.

The ruling Greek Syriza party had promised to revise Greece’s austerity measures, unpopular in the nation, after securing victory in the January election. When further austerity measures were nevertheless approved, the party split.

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