Latest News from Greece

Greek private media join forces against Tsipras

For technical reasons this column was written before the announcement of the results of yesterday's critical referendum in Greece. By now Greeks will have given their verdict on whether to continue with even more austerity measures after a (failed) five-year austerity program, but in exchange for a new batch of aid from their country's creditors.

Greeks defy Europe with overwhelming referendum 'No'

Greeks voted overwhelmingly on July 5 to reject terms of a bailout, risking financial ruin in a show of defiance that could splinter Europe. 

With nearly half of the votes counted, official figures showed 61 percent of Greeks rejecting the bailout offer. An official interior ministry projection confirmed the figure as close to the expected final tally. 

EP President Schulz: Europe will help needy Greeks

President of the European Parliament, Martin Schulz told Germany’s Welt am Sontag, Sunday, that Europe would not desert the people of Greece after the outcome of the referendum. “Perhaps we will give emergency bridging loans to Greece so that the public service can be maintained and needy people get the money they need to survive”. Schulz warned that this would not be a lasting solution.

Tsipras: No mandate for rupture with Europe; back to negotiation table

In a nationally televised address on Sunday evening after a comfortable “no” result in the same-day referendum, Greek PM Alexis Tsipras — who called the referendum — emphasized that he is fully aware that “the mandate you give me is not one of rupture with Europe.”

ND’s Samaras, former PM, resigns in wake of ‘no’ vote

New Democracy (ND) president Antonis Samaras announced his resignation on Sunday evening in the wake of the landslide “no” vote in the same-day referendum .

The former prime minister said that ex-parliament president Vangelis Meimarakis will take over the post as a transitional party president until a party congress is convened to elect a new ND leader.

German Vice Chancellor: New talks hard after ‘No’ vote

German Vice Chancellor and Economy Minister, Sigmar Gabriel made it clear speaking to German Tagesspiegel daily that it would be hard to imagine talks on an new bailout plan after the Greeks had rejected the bailout terms in a referendum.

Greeks Reject Creditors' Bailout Terms in Referendum - Partial Results

Partial results from Sunday's referendum in Greece indicate voters have rejected the terms of a bailout-for-reforms deal proposed by the country's international creditors.

With over 30% of the votes counted, rejection of the bailout terms by a 'No' vote stood at 60%, while 40% had voted 'Yes' to accept the agreement put forward by creditors on 25 June.

Varoufakis: Today’s no a big ‘yes’ to real reforms

Finance Minister Yanis Varoufakis made a statement to the media concerning  the landslide victory for ‘no’ in the referendum supporting the rejection of creditors reforms on Sunday.

Turnout in Greek Bailout Referendum "Over 50%" - Interior Minister  

Turnout in Sunday's referendum in Greece was "over 50%," well above the  minimum threshold 40% needed to make the vote valid,Interior Minister Nikos Voutsis said on Sunday.

Many voters in Greece were driving from big cities to their home towns where they are registered in order to cast their ballots.

'No' Vote Appears to Be Leading in Greek Referendum After Voting Ends - Polls

The 'No' vote appears to be leading in Greece's bailout referendum by a small margin, according to final opinion polls released after voting ended on 7 p.m. on Sunday, newswires reported.

Separate opinion polls conducted by GPO, Metron Analysis and MRB all put the outcome at a slim lead of three percentage points for the 'No' camp over the 'Yes' vote.

Govt minister again promises no 'haircut' in deposits; wants deal ASAP

Speaking to the Athens-based Star TV channel, Alternate FM Eucleid Tsakalotos, who now more-or-less heads up the Greek negotiating team, said “we’ll negotiate tomorrow a viable solution”.

Asked how such a solution will come about in 24 hours when five months have passed in fruitless talks, Tsakalotos referred to two new elements.

There would be no Greek debt if the Ancients hadn’t invented math and money!

Greece is in debt. It owes over 323 billion and counting! And as International Monetary Fund (IMF) Chief Christine Lagarde so rightly coined it… “a debt is a debt”. Of course, were it not for the ancient Greeks there may not have been anything to create debt with in the first place.

MATH

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