From a vision of class struggle, he denounced the responsible, defining the austerity policies as “a strategic option of the European elites to apply the ultraliberal politics”. He said that during his speech at the Conference "Together we can put an end to the problem of the debt and austerity", organized by the Party of the European Left, of which Tsipras is vice-president.

Tsipras denounced the game of markets and governments who are sacrificing their peoples: "The crisis has been an opportunity for the casino capital to take advantage of all  reforms of austerity in which workers are increasingly impoverished so that the capital can continue to earn more money with the reduction of labour costs”

The candidate for the presidency of the European Commission described what is being done in the most affected countries as a "social slaughterhouse": "Under the pretext of the accumulation of debt, an unprecedented social sacrifice has been carried out" and everything has been orchestrated by the troika (IMF, ECB and the European Commission) "that lacks any kind of democratic legitimacy".

The President of Syriza, who leads the polls in Greece, explained the evolution of the ultraliberal policy against its country and the harmful consequences on the population. He added that the objective today is very clear and visible: the reduction of wages and pensions; the dismantling of the social state; labour deregulation; and the privatization and sale of the public wealth. He also explained how the debt is used to apply pressure and blackmail to implement these "policies of unprecedented barbarity"

Before the memorandum the debt in Greece was at a level of 115% of the GDP. Today the debt is at 175% with 30% unemployment, 60% youth unemployment and an impoverished country that suffers from a humanitarian crisis. And in these conditions, Tsipras ironically pointed out, we find out that the markets trust Greece now and not before when the situation had been better.

Germany has already done so

Faced with this policy of "barbarism" Tsipras presented the response of the European Left, which is to put an end to austerity and erase part of the debt, with growth clauses and a moratorium on the payment. "We didn´t invent anything" Tsipras explained, who recalled that it has already been done in Europe. In particular in Germany, at the International Conference of London in 1953 which cancelled big part of the German debt allowing Germany to recover after the II World War.

With this precedent and a broad program of proposals, the European Left marked lines of a social, economic and alternative policy, feasible and viable throughout Europe. In fact, the President of the EL, Alexis Tsipras, defined this conference as "an act of resistance and of democratic construction in which we search for solutions". And went further: "if we want alternatives, the condition sine qua non is the withdrawal of the financial markets and its influence on the political parties... that political and ideological main layer".