Sen. Bernie Sanders Bernie SandersNYT editorial board remembers Ginsburg: She 'will forever have two legacies' Two GOP governors urge Republicans to hold off on Supreme Court nominee Sanders knocks McConnell: He's going against Ginsburg's 'dying wishes' MORE (I-Vt.) slammed the austerity measures included in a new proposed bailout package for Greece, calling it "terrible politics."

"The current situation in Greece is a tragedy of enormous proportions," the Democratic presidential candidate said on Wednesday. "The austerity measures proposed for Greece are not only cruel and counterproductive, they are terrible politics."

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Negotiators announced this week that they had reached a deal that would give Greece, which was in danger of defaulting on its debt, billions of dollars in bailout funds in return for the country agreeing to harsh austerity measures to try to get it on a more sustainable fiscal track.

Sanders, a self-described socialist, accused Germany and other European creditors of "trying to squeeze blood out of the stone" with the terms of the bailout.

The Vermont senator went a step further, warning that if Greece adopts the austerity policies, it would allow the Golden Dawn, a far-right political party that Sanders compared to the Nazis, to gain more power.

"We must not recreate the conditions that brought Hitler to power in 1932," Sanders added. "I urge the European Commission, the European Central Bank and the IMF to negotiate a settlement that improves life for the people of Greece and does not drive them deeper into depression and misery.”

The White House hopeful instead argues that Greece should be given a bailout that will create more jobs, grow the economy and increase tax revenue.