Greece’s new prime minister Alexis Tsippingras is facing the prospect of a new Greek crisis.
In his first major foreign trip as a leader, Tsipris met with President Donald Trump and his Japanese counterpart Shinzo Abe, as well as his former allies and a few key international figures.
The trip was also an opportunity for Tsipros to seek support for his ambitious plan for a new, post-eurozone currency.
What he saw in Trump and Abe came out in stark terms.
Tsiprakis speech at the White House speech about his plan to bring back the Greek economy and a new currency came across as the most direct criticism of Tsipraes administration.
He called Trump’s comments about the new currency a “very negative statement” that is “unacceptable.”
Tsiprahas presidency has been marred by accusations of corruption and nepotism, and by reports of widespread tax evasion, which is not only a concern for the countrys wealthy citizens, but also for Greece’s impoverished working class.
In contrast to the US president, Tsipsos government has consistently defended itself against such accusations, and has called them “false.”
He has also repeatedly defended himself against accusations of economic mismanagement, saying that his administration is doing a good job managing the economy.
In a speech in Athens on April 23, Tsippingraos called the country’s financial situation “stable” and said that the country is “a model for others.”
Tsipsas government also has been taking steps to shore up Greek public finances.
Tsipsis government has launched a $1.5 billion loan for the construction of the new Greek Parliament building, and is working to shore-up public finances in other sectors.
TsIPRAS SITUATION IS CHANGEABLE The Greek government has not responded to Tsiprapras calls for a debt relief package and has not committed to any specific measures, but has already taken a series of steps that could further delay the Greek debt crisis.
First, TsIPRIAS SINGLE PICTURE The Greek Finance Minister has called for an end to the current austerity measures and for the implementation of reforms.
In March, Tsipperras announced that the government would begin the process of restructuring its debts by issuing debt bonds.
The Greek bonds are pegged to the Euro, and are issued at the current interest rate of 4.3 percent, which will be reduced to 3.9 percent by the end of this year.
The debt bonds are convertible into Greek government bonds at a reduced interest rate, which are expected to be available by 2020.
Tsipperraas also announced that Greece would be introducing a new bond, the new eurobonds, which could be issued by 2020, as a tool to facilitate debt restructuring.
As of July 30, Tsippers country was able to issue a total of 6.7 billion euros in new debt, of which 3.3 billion were bonds, and another 2.9 billion euros were bonds of which 1.4 billion were convertible to euros.
The new bonds are expected in 2020.
The government has also announced an additional bond that is being prepared, a new €1.6 billion bond, which it will issue to the Greek government in 2020, and will be convertible into bonds at the rate of 2.6 percent.
The next step will be to introduce a new euro-bond.
A second step will see the government issue another bond, a €2.3 million bond, with the option of a conversion to euros at a higher rate, and the government has already announced a bond of which €1 billion will be converted into bonds of 1.5 million euros.
This bond will be available in 2020 and is expected to mature by 2020 in the form of a 5-year bond, and then a 20-year debt.
In an interview with Greek television station N2 on August 1, Tsippras said that he believes that a new bailout package is in the works, and that it will be issued “soon.”
Tsippris plan for new Greek debt, and his promise to make the country a model for other European countries to follow, are part of his economic reform plan, which has included privatizing the state sector, raising the minimum wage, raising VAT and reducing social welfare payments.
Tsippraas has said that this new bond will come into effect by June 30, 2020.
According to a press release issued by Tsipratis office on July 24, he said that “in the coming days, I will present a plan for the issuance of new bonds to the European Central Bank and the International Monetary Fund.”
TsIPRAAS GOVERNMENT HAS CONVICTED OF FRAUD AND MESSENGERING IN THE FINANCE MINISTRY After the first bailout, the Greek Finance Ministry’s finances were in “extremely good shape,” according to the press release.
“The government has paid back the banks and has avoided significant debt servicing costs