Greece: Analyst Predicts Continued Deterioration of Economy

Today host Cody Weddle speaks to analyst Daniel Munevar about the current situation in Greece. He says that financial pressures led President Alexis Tsipras to sign a memorandum of understanding whose measures will further contract the economy through tax increases and expenditure cuts. Tsipras’s call for snap elections is designed to hold the elections before people feel the impact of these measures. In the elections, he also seeks to oust 40 members of the coalition who voted against the memorandum. Munevar forecasts a continued deterioration of the economic situation and an increase in the political tensions in the country. teleSUR