Coalition of the Radical Left (SYRIZA) Parliamentary Group leader Alexis Tsipras accused the government in statements on Friday of having already agreed with the European Union to a new austerity plan and "constitutionalised poverty for the entire European South", without consulting either the Greek people or the Greek Parliament.

"The government has no right to put its signature to this despicable policy," he added, asserting that it was "sheer madness" that was deepening the crisis further instead of giving the people of Europe the prospect of exiting the crisis.

"They are choosing to protect the interests of the banks over those of people," Tsipras said, saying that it was now a historical necessity to form a broad front of political forces of the Left that would extricate the country from this prospect of controlled bankruptcy and default.