Thursday

8th Dec 2022

Greece says No to creditors

  • Around 60% of Greek voters followed PM Tsipras' call for a No vote (Photo: Eric Maurice)

Around 60 percent of Greek voters said No Sunday (5 July) to the reforms asked by the country's international creditors, according to results after half of the vote were counted.

The electoral map of Greece was uniformly orange, the colour of the Oxi (No) campaign, showing an homogeneous trend throughout the country.

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By voting No with a wider margin than the latest polls predicted, Greek voters defied EU warnings that a No would be considered a rejection of the euro and Europe.

"Today's No is a No to the eurozone vision as a great cage to its peoples. It is a yes to the eurozone as a land of prosperity for its people," finance minister Yanis Varoufakis said at a press conference.

In his short campaign, Greek PM Alexis Tsipras presented the No vote as a positive act of dignity and democratic virtue.

Tsipras' message chimed with the mood of many Greeks who felt that after five years of crisis and two bailouts, they had nothing to lose by rejecting the creditors' offer of new aid in exchange for further painful reforms.

The strong No result is a major endorsement for Tsipras whose Syriza party was elected with just 36 percent of the vote in January's general election.

"The mandate of the people is clear. A new try begins for an agreement favorable to both sides, as equal partners and not as a debt colony," Tsipras' spokesman Gavriil Sakellaridis said on TV.

"The goverment can go now with a very strong card to continue negotiations" with Greece's creditors, labour minister Panos Skourletis told reporters.

Greek chief negotiator with the EU Euclid Tsakalotos said the government would now talk with the creditors to try to find an agreement in the next 48 hours.

Tsakalotos also said the government was "not discussing a parallel currency".

Greek voters resent EU pressure

Faced with a choice many tell them is for or against Europe, some Greeks might vote No in reaction to outside pressure.

Opinion

Yes or No: The consequences will be dire

The EU shares the blame for this sad and avoidable situation. It should do some soul-searching while it watches up to 10 million Greek voters make their fateful decision.

Opinion

Europe commits suicide in Greece

With the current neoliberal austerity policies, other European countries will end up in the same misery and hopelessness as Greece.

Greek parliament backs austerity plan

Greek MPs on Saturday backed the government's proposed austerity package, sending a positive signal to a key meeting of euro ministers later today.

European Commission takes hard line on Greece

The Greek vote has widened the gap between Athens and its creditors, according to the European Commission, indicating that the referendum was all but irrelevant as the same problems remain.

Opinion

The military-industrial complex cashing-in on the Ukraine war

From the outset, arms manufacturers eyed this war as a profitable business opportunity. Structural changes took place across the EU, not only to fast-track arms to Ukraine, but also to make more public finance available to the highly-lucrative arms industry.

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