Opposition leader wants reduction in Greece's debt from its eurozone bailout

MarketsAssociated Press

The leader of Greece's popular left-wing opposition says he will demand a reduction in the country's debt from its bailout, if his party comes to power in a possible snap election early next year.

Alexis Tsipras, head of the anti-bailout Syriza party, told a financial conference in Athens on Tuesday that his country's battered economy cannot recover unless the money owed to other eurozone countries is cut significantly.

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Syriza is leading opinion polls ahead a parliamentary vote in February for country's new president — a process that could produce a stalemate and force the conservative-led coalition government to call an early election.

The government is currently locked in negotiations with bailout inspectors over a new round of cuts demanded in exchange for final eurozone loan installments under the bailout program.