Greece Plans Labelled as ‘Fantasy’

U.K. Labour Party politician and contender for the leadership of the party, Liz Kendall, has attacked the Greek government, which has so far failed to reach a compromise with creditors, comparing their methods to “fantasy”.

Kendall, who is up against three other Labour politicians in a fight to win leadership of the party, which suffered a bruising defeat in the U.K. general election, said the situation with Greece posed a “historic moment for Europe”.

“Progressive social democratic parties have to find a credible alternative to the ever-continuing austerity which sees people suffer and the fantasy politics of (Greece’s) Syriza and (Spain’s) Podemos on the other. And that is just as much a challenge I believe for the U.K. Labour Party as it is for our sister parties right across Europe,” Kendall said at a CNBC event in London.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.