🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Tsipras blames Brexit on austerity, deficiencies in EU leadership

Published 25/06/2016, 12:26
© Reuters. Greece's Prime Minister Alexis Tsipras attends the parliamentary assembly of the Council of Europe in Strasbourg

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras, whose own rebellion against European Union policy brought the bloc to a crisis last year, said on Saturday he did not blame the British people for voting to leave but rather EU leaders.

Speaking to his leftist Syriza party's central committee, Tsipras blamed the Brexit outcome on the "chronic deficiencies" of European leaders and their insistence on austerity policies that fed populism and nationalism.

"As much as the decision of the British people saddens us, it is a decision to be respected. We must not put the blame on the British people ... when the borders remain open on austerity policies but stay closed for people," Tsipras said.

Tsipras led his Syriza party to victory in two elections and a referendum last year in an attempt to end years of austerity imposed on euro zone member Greece because of its untenable debt.

However, he was forced by the euro zone to accept more conditions as a quid pro quo for another bailout and continued membership of the euro zone.

Tsipras spoke on the phone with French President Francois Hollande on Saturday and the two leaders agreed on the need for solidarity in the multi-nation bloc.

"The common assessment was the need to refound the principles of democracy, social protection and solidarity in Europe," Tsipras' office said in a statement on the conversation.

© Reuters. Greece's Prime Minister Alexis Tsipras attends the parliamentary assembly of the Council of Europe in Strasbourg

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.