Greece's Tsipras pleads for debt relief with austere budget


  • World
  • Tuesday, 06 Oct 2015

Greek Prime Minister Alexis Tsipras attends a swearing-in ceremony of the new deputies that were elected in the September 20 general election, at the Greek parliament in Athens, Greece, October 3, 2015. REUTERS/Alkis Konstantinidis

ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras issued a resounding call for debt relief on Monday as his government unveiled an austere 2016 budget sticking strictly to international bailout targets in a new spirit of cooperation with European and IMF creditors.

The draft budget, released as Tsipras delivered his keynote four-year policy programme to parliament, projected that the economy would stay in recession next year, shrinking by 1.3 percent after a 2.3 percent contraction in 2015, before returning to growth in 2017.

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