Estonian opposition parties against new Greek bailout ({{commentsTotal}})

News
News

The potential third bailout to Greece has been estimated at 82-86 billion euros, with support in the Estonian Parliament split between coalition-opposition lines.

Center Party acting head Kadri Simson said her party was against the previous bailout, where Estonia guaranteed loans to Greece, and they are again against any possible new injection. “It is clear that a currently insolvent Greece will not turn solvent after austerity measures,” she said.

“It currently feels like those loans and the money will be written off, to a smaller or larger extent, the question is how much. We believe Europe should not carry on helping Greece in such a manner,” Free Party Chairman Andres Herkel said.

The deputy head of the Conservative People's Party's faction in Parliament, Henn Põlluaas, said his party has little confidence in the agreement and Estonia should not contribute more on top of the large sums already guaranteed.

Estonia has so far guaranteed around 400 million euros worth of loans to Greece and any new guarantees would need the approval of the Estonian Parliament.

Coalition united

Finance Minister Sven Sester (IRL) said it is yet unclear what any new bailout will look like, adding that Estonia would not have to make any new payments to the European Stability Mechanism.

Reform Party MP Maris Lauri said additional financial aid should only be given under the strictest conditions. “There are certain aspects with which Estonia will not agree with – one is writing off loans, which is a non-starter,” she said, adding that Greece must act before any money is handed over.

Jevgeni Ossinovski, the head of the Social Democrats, said an agreement between the EU and Greece is the only option as the alternative would be Greece leaving the Eurozone. “In my personal opinion, the financial risks it would bring to the EU and Estonia would be great enough to prefer an agreement.”

Editor: J.M. Laats



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.

About us

Staff & contacts | Comments rules

Would you like to contribute an article, a feature, or an opinion piece?

Let us know: news@err.ee