a Greek long shot at 2 million Drachma, page-19

  1. 30,359 Posts.
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    It is all about how the terms of the referendum are drafted.

    All that Tsipras and Yanis Varoufakis want is the community to underscore their refusal to accept more austerity.

    Tsipras and Varoufakis were elected on an anti austerity platform, and they surely should seek approval to deviate from it, which is what the Troika's deal requires.

    (This is an accountable and reasonable move, unlike previous Greek leaders who committed the nation up to their ears with unsustainable debt).

    I think the referendum is being misconstrued by various commentators like Cameron in the UK, no doubt for their own self interested reasons, as a vote on exiting the EZ.

    No, it's a vote whether or not to accept a specific deal.

    Ultimately it's about reform of the EZ, as that deal was being foisted on a sovereign nation, and reform has to happen to accommodate these principles regardless of the outcome with Greece.
    This is simply forcing the issue of getting the governance arrangements to line up better.

    Greece must request exit from the EZ btw, it can't be kicked out. The troika is trying to bully them into submission but it's backfired spectacularly.

    (I'm enjoying the whole spectacle. )
    Last edited by dolcevita: 29/06/15
 
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