Saturday, 27 June 2015

Tsipras announces referendum on lenders' proposals



 


 


 


 

Tsipras announces referendum 
 on lenders' proposals
In a surprise move, Prime Minister Alexis Tsipras announced 
early on Saturday that his government intends to hold a 
referendum on whether Greece should accept the proposals 
put forward by lenders.
Tsipras made it clear that he is against accepting the terms
 offered by creditors but said that he would accept the outcome 
of any vote.
The prime minister said he would go to Parliament on 
Saturday to get approval from MPs to hold the referendum on 
Sunday, July 5.
“After five months of tough negotiations, our partners 
unfortunately resorted to a proposal-ultimatum to the 
Greek people,” Tsipras said. “I call on the Greek people 
to rule on the blackmailing ultimatum asking us to accept 
a strict and humiliating austerity without end and without
 prospect.”
The surprise development throws into turmoil planned 
talks Saturday among euro-area finance ministers on 
their latest proposal, which would unlock 15.5 billion euros 
and extend Greece’s program through November, in return 
for a commitment to pension cuts and higher taxes that 
Tsipras opposes.
Greeece’s Deputy Prime Minister Yannis Dragasakis and 
Deputy Foreign Minister Euclid Tsakalotos will meet 
Saturday with European Central Bank President Mario 
Draghi, a government statement said. Tsipras spoke
 with Draghi on the phone before announcing his decision
 to hold a referendum to explain the government’s view, 
Tsakalotos said in a phone interview.
[Kathimerini & Bloomberg]

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