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Greece's expected new PM vows to negotiate own plan with creditors

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Investing.com -

Investing.com - Greece's likely new prime minister, Alexis Tsipras, said Sunday that he will not clash with the country's creditors but repeated that an end to austerity measures and an abolition of the Troika remain the party's goals.

Tsipras, according to press reports, said his government will present creditors its own four year fiscal adjustment plan that will replace the existing one drafted by the previous government of Antonis Samaras. He also said the new government will present its own plan for public debt sustainability.

"There will be no catastrophic clash (with the creditors), nor a continuity of this submission. The new Greek government is ready to cooperate and negotiate with Greece's partners a just and viable solution. With its own fiscal plan, its own debt plan," Tsipras said.

"We are very well aware that we do not have a blank check ... we will form a government that represents all Greeks," he said, hinting that even if his party gets absolute majority in parliament he would be open for alliances with

other anti-austerity parties.

The party may not win an outright majority in the 300-seat parliament with the latest count showing it at 149 to 151 seats.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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