SYRIZA is not participating in the interim government led by Lucas Papademos. Tsipras noted that the issue is to make the Greek debt manageable by focusing on growth policies and wealth redistribution and move away from austerity measures. He added that SYRIZA had suggested a selective haircut for the Greek debt that would not include the participation of social security funds, for instance.
One solution to the current crisis, said the SYRIZA leader, would be to allow Greece not to pay annual interest rates of 17 billion euros on its debt for a period of three-years and use the money for growth strategy instead. Citing the example of Germany, Tsipras said that in 1953 the country had been granted a 62 percent haircut on its debt in a deal which was based on growth clauses.