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    Spain shows austerity has failed: Greek leftist

    Sat, 06/09/2012 - 05:45 EDT - France24.com - Business
    • RDF10

    Signs that Spain needs aid for its banks shows that Europe's answers to the eurozone sovereign debt crisis have failed, the head of Greece's leftist party that could win June 17 elections said on Saturday."Developments in Spain confirm the position that we have maintained from the start," Alexis Tsipras from the Syriza party told the Avgi daily in an interview to be published on Sunday."Namely, that the crisis is a pan-European problem and that the way it has been dealt with until now has been completely ineffective and socially disastrous," the 37-year-old said.

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