Saturday, June 27, 2015

Germany says surprise Greek referendum plan shuts door on negotiations

News
Tsipras decided a package of austerity measures proposed by the country’s creditors would be put to popular vote. The referendum will take place on Sunday 5 July. German responded by saying that they surprise vote had left nothing to discuss.

Tspiras comment that reforms were “blackmail for the acceptance on our part of severe and humiliating austerity without end and without the prospect of ever prospering socially and economically” implies that the Greece risks civil war if it fails to recognize the will of the people.

Headline: Germany says surprise Greek referendum plan shuts door on negotiations

ATHENS/BRUSSELS (Reuters) - Germany all but buried negotiations on Saturday to keep Greece from default, saying a surprise decision by Greek Prime Minister Alexis Tsipras to call a referendum had left nothing to discuss but how to cope with failure.

Worried the country could default and even leave the euro zone, some Greeks queued up at cash machines to withdraw funds, though there were no signs of panic in Athens. Many sounded defiant, saying Tsipras had offered them an important chance to determine their own fate.


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