Fitch warns of mass eurozone downgrades as frontrunner to lead Greece rails at 'barbaric' austerity As parliament met for a single session before its dissolution, Mr Tsipras and his principal rival traded warnings over the outlook for the debt-ridden economy. News that the IMF was suspending its work, and the privatisation programme that was the cornerstone of the international bail-out had been put on hold, laid bare the worsening impact of the political impasse. A caretaker government was also installed yesterday but the IMF said it would not resume contacts over the €130bn bail-out until the new government is in power. Rival factions angrily set out their stalls to the voters. Mr Tsipras, the leader of the Leftist Syriza movement, told his supporters that voters would complete the rejection of the bail-out started on May 6 when his surprise second place derailed the austerity programme. They are trying to terrorise the people to make Syriza cave in. We will never compromise," he said. The Greek people voted for an end to the bail-out and barbaric austerity. They ignored the threats and the cheap propaganda. And we are certain they will do the same now. Mr Tsipras maintains that Greece is "on the road to hell" under the current austerity drive and that Europe will renegotiate rather than force the country out of the eurozone. However, the conservative figurehead, Antonis Samaras, head of the New Democracy party, told his supporters that wages would halve and property prices plummet if Syriza was forced to bring back the Drachma. "We can change everything in Greece, together with a Europe that is changing," he said. Or we can live through the horror and isolation of a euro exit and the collapse of all that we have built. Economists are united that the prolonged and lingering uncertainty will set Greece back further. The rationale for what we are seeing is understandable. We are having a very difficult time and are in the fifth year of recession," said economic commentator Christos Konstas. But the government has run out of money and to get growth and confidence back we need investment to return in industry and infrastructure. Investors won't come back until the direction is clear. Outgoing Greek prime minister Lucas Papademos warned it would be "disastrous" for Athens to reject the EU-IMF bail-out, but it could seek adjustments. "A unilateral rejection of the country's contractual obligations would be disastrous for Greece, leading unavoidably outside the euro and possibly outside the European Union," he said in an open letter. The decisions we take could seal Greece's course for decades. Panagiotis Pikramenos, who oversees the caretaker government, said: "The country must honour the obligations it has undertaken. It cannot abrogate its obligations without reason and cause a major crisis. We must not forget that all of Europe is watching us.