The creditors insist the austerity measures in the original agreement be agreed to and implemented.
Tsipras spoke by telephone with German Chancellor, Angela Merkel as well as French President Francois Hollande on Sunday evening. All agreed on the need for a quick agreement.Leftist members of Syriza were incensed when Varoufakis appointed Greek-American economist Elena Panaritis as Greece's representative for the International Monetary Fund (IMF). Panaritis had earlier represented the pro-bailout Pasok party as an honorary MP.
Some 43 Syriza members including deputy prime minister Yannis Dragasakis signed a petition opposing the appointment. In spite of the cash crunch Greece faces , the Economy Minister George Stathakis said that Greece had internal resources that would allow it to make a 305 million euro payment to the IMF on June 5. Nevertheless, it is becoming more and more difficult for Greece to meet debt payments without more cash making a quick agreement a necessity. At the same time many in Syriza want the party to adopt a Plan B that would develop strategies for the way forward, or perhaps "outward", should the government fail to reach a deal acceptable to the party.
Chomsky noted that the Syriza-led government had an election mandate to change policies that led to 50 per cent of young people being unemployed and almost 40 per cent of Greeks living below the poverty line. When asked about other countries also facing huge debt loads such as Spain and Portugal, Chomsky maintained that their debt too should be written off.
EU FInance Ministers make plans for greek default
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Ken is a retired philosophy professor living in the boondocks of Manitoba, Canada, with his Filipina wife. He enjoys reading the news and writing articles. Politically Ken is on the far left of the political spectrum on many issues.
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