Greek PM Tsipras freezes privatisations, markets tumble


  • World
  • Thursday, 29 Jan 2015

Greek Prime Minister Alexis Tsipras smiles as he attends the first meeting of the new cabinet in the parliament building in Athens January 28, 2015. REUTERS/Alkis Konstantinidis

ATHENS (Reuters) - Leftist Greek Prime Minister Alexis Tsipras threw down an open challenge to international creditors on Wednesday by halting privatisation plans agreed under the country's bailout deal, prompting a third day of heavy losses on financial markets.

A swift series of announcements signalled the newly installed government would stand by its anti-austerity pledges, setting it on a collision course with European partners, led by Germany, which has said it will not renegotiate the aid package needed to help Greece pay its huge debts.

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