Greece's Final Proposal Draws Criticism From Syriza

After Greek Prime Minster Alexis Tsipras submitted his final reform proposal to the EU in order to unlock the nation's next installment of bailout funding, many breathed a sigh of relief hoping that the proposal would end the ongoing debt negotiations once and for all.

However, not everyone in Europe was cheering what looked to be a step forward for Greece. Much of Greece's ruling Syriza party and its supporters were outraged by Tsipras' willingness to give in and called the proposal a "tomb stone" for Greece.

Conflicting Views

Tspiras' proposal included things like tax increases and cuts to pension payments, something the party has been against since being elected. The Syriza party (and Tsipras himself) were elected on promises to end austerity, which has made the debt negotiations difficult for all involved. While creditors want Greece to continue tightening its belt, Syriza lawmakers say the nation can't withstand any further cuts.

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Protests Flare Up

Demonstrations throughout Athens raged on Tuesday as angry Syriza supporters criticized Tsipras for giving in to the demands of EU policymakers. Some of the nation's lawmakers said Tsipras' decision to concede some austerity measures for the sake of a deal will create social unrest in Greece as it goes against his campaign promises.

Still Uncertain

Despite the criticism, Tsipras remained confident that the latest proposal would secure the nation's bailout funding and keep Athens from defaulting at the end of the month. Though the proposal reflects Tsipras willingness to compromise, it has yet to be accepted by EU creditors.