The result of the summit meeting in Brussels is the result of the pressure put on the country, but the agreement which will be achieved could allow Greece to avoid a Grexit and place the country in a sustainable path, Prime Minister Alexis Tsipras said on Tuesday night, during an interview with public broadcaster ERT.
“Last night was a bad night for Europe,” Tsipras said commenting on the Summit meeting which ended on Monday morning in Brussels, adding that the way Greece was dealt with “does not honour the tradition of a democratic Europe”.
“I tried with the strength of all my soul to claim as much as I could,” he revealed, noting that he won’t escape his responsibilities. “I am fully assuming my responsibilities”, he noted.
Commenting on the final deal, he said: “The result of the summit meeting and the Eurogroup is the result of a pressure put on a country to approach the wished of the more powerful countries of Europe.”
He clarified, however, that the choices presented to Greece were either an agreement with these conditions, or a disorderly bankruptcy and eventually an exit from the Eurozone. “We got an agreement which includes harsh reforms, but it does not include the complete dead end of the ultimatum we were presented with in July.”
The premier admitted that this was not an easy decision for his 18 counterparts, but focused on the silver lining on the deal, which secures funding for the country and covering of the country’s medium-term loan obligations.
“Now I have this result, but we also have 82 billion euros, coverage of our country’s medium-term borrowing needs and a clear commitment to discuss debt restructuring from 2022 onwards in the immediate future,” he noted.
Tsipras also said the deal will secure the recapitalization of Greece’s lenders and a front-loaded investment programme totaling 35 billion euros.
“It’s a combination which – if it is achieved – we could avoid a Grexit and provide a prospect of recovery for Greece,” he said.