Prime Minister Alexis Tsipras said Europe should rise to the occasion and grant Greece financial obligation relief in a message to mark 63 years because the 1953 London Financial obligation Agreement, posted in his individual Facebook account on Monday, AMNA reported.

On this day, in August 8, 1953, a nearly six-month settlement in between Germany and its lenders was concluded, with the signing of the London Debt Agreement. The debt-ridden and war-torn Germany takes pleasure in the supreme relocation of uniformity in modern European history by having 60 percent of its foreign debt cancelled, its internal debts restructured and a trade surplus stipulation, Tsipras stated.

The deal is executed with Greeces signature. Because SYRIZA remained in the opposition, however also today as government, it has raised the problem of the Greek debt, having actually won significant ground with specific results reflected in Eurogroups choice on May 24.

Europe should rise to the event and turn its look to the future by signing a brand-new social contract that will guarantee the prosperity of its individuals, he added.