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Greek Official Seeks to Calm European Fears over Syriza Win

HeadlineFeb 03, 2015

Greece’s new prime minister, Alexis Tsipras, and his finance minister, Yanis Varoufakis, are each meeting with their Italian counterparts today as they continue to bring their anti-austerity message across Europe. Speaking in London Monday, Varoufakis sought to calm fears over the Syriza party’s plans to renegotiate Greece’s international bailout.

Yanis Varoufakis: “My message to our German friends, and indeed to all Europeans, is that no hand will be overplayed, because we’re not entering this in a confrontational manner. This is what journalists love to portray the situation as, as a kind of Wild West showdown. This is not it. What we have here is different European governments with a common objective, and that is to find — to strike a mutually beneficial deal, one that minimizes the cost of this crisis for the average European, not for the Greeks, not for the Germans, but thinking from a European perspective.”

In an interview with the Financial Times, Varoufakis appeared to back down on Syriza’s call for a debt write-off, suggesting Greece could swap its debts for bonds linked to economic growth. Varoufakis later issued a clarification, saying, “If we need to use euphemisms and financial engineering tools … we will. The bottom line, however, is the same.”

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