After a deadlock in bailout negotiations, the Greek government is now asking Greek citizens to vote YES/NO on a take-it-or-leave-it bailout proposal by Greeceās creditors.
The Greek Prime Minister said that his negotiating team was given an ugly ultimatum on a “humiliating offer” made by the creditors to debt-ridden Greece. He said that because this proposal was against his government’s campaign promises and against the Greek people’s will, he could only askĀ the Greek people to decide directly if they approve it, or reject it.
Since the referendumĀ announcement Greece has been divided in two camps, the ones who reject the EU proposal and those who say ‘yes’ to that specific bailout deal offered by the country’s creditors (composed by the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Commission).
Europe has been making attempts to influence a YES voteĀ ahead of the referendum, implying that Greeks vote to approve or reject Greece’s membership in the Eurozone
SYRIZA and his governing partner ANEL who are supporting the NO voteĀ often resonated to populism in order to respond to those who criticized the timing of the Greek referendum,Ā resulting in Greek banks being closed in absence of liquidity.
The referendum discussion in Greece and Europe became so heated that Europeans said their proposal is not anymore on the negotiations table, trying to make the Greek referendum obsolete, but without luck.
Today, voters in Greece started casting their ballots, being asked to check one of two boxes: ānot approved/noā and āapproved/yes,ā in response to the following question:
āMust the agreement plan submitted by the European Commission, the European Central Bank and the International Monetary Fund to the Eurogroup of 25 June, 2015, and comprised of two parts which make up their joint proposal, be accepted? The first document is titled āreforms for the completion of the current program and beyondā and the second āPreliminary debt sustainability analysis.’ā
Related:Ā Greeceās Possible Outcomes after the Referendum Results on an InfographicĀ
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