Greek opposition leader: Greece needs a debt haircut

FXStreet (London) - Greek opposition leader Alexis Tsipras has followed comments made yesterday saying that Greece needs a debt haircut in order to ease debt servicing costs, adding that the Greek bailout programme “has failed miserably.”

Speaking in a television interview last night, Tsipras said that should his Syriza party take election victory then Greece will remain in the Eurozone and that all negotiations with Greece’s creditors will be conducted from this position.

However, the left wing leader said that creditors had insisted on Greek austerity because they want to “exploit Greece’s natural resources, devalue people’s wealth and create a cheap labour economic zone.”