People Power: Greece Holds Referendum on EU Debt Proposal

Article source: RT

Protestors in Greece over economic austerity

The Greek PM has announced a national referendum on July 5 on the conditions of the debt deal with international creditors. It’s up to the Greek people, Tsipras said, to make a fateful decision on the country’s sovereignty, independence and future.

“These proposals, which clearly violate the European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people,” Greek Prime Minister Alexis Tsipras said in a televised address to the nation, as cited by Reuters.

The referendum will be held on July 5, a few days past the June 30 deadline, Tsipras announced.

In order to avoid a technical default, Athens will ask for a short-term extension on the bailout program and buy time to hold the popular vote. Tsirpas further added that German Chancellor Angela Merkel and European Central Bank chief Mario Draghi have already been informed of the plans.

The referendum will be a simple “yes” or “no” question on the measures proposed under the debt deal, local media report. One way or the other Tsipras said that he will respect the will of the people, who have voted for him for his anti-austerity campaign promises.


The ruling Syriza party urged voters to reject “the ultimatum by the lenders “ and “say yes to the proposal made by the government.” The leader of the Independent Greeks party, and Tsipras’ junior coalition partner, meanwhile urged the voters to protect the country’s sovereignty as they did “in 1940 when Greek people decided to say no to foreign armies.”

“I call for all of the party to participate in this big celebration of democracy called a referendum and to vote ‘No’ – no to handing away our independence,” Panos Kammenos said.

[Read more here]

*Originally entitled: “Greece to Hold National Referendum on Debt Deal – PM”

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