Greece crisis: upper middle class vs rural pensioners
Last night’s ‘Yes’ campaign demo was big – I would say maybe a quarter bigger than the ‘No’ demo of Monday, and with a much more angry atmosphere.
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Last night’s ‘Yes’ campaign demo was big – I would say maybe a quarter bigger than the ‘No’ demo of Monday, and with a much more angry atmosphere.
Greece may only represent a fraction of Europe’s economy. But in everything else that can’t be easily measured by the IMF or ECB, it represents to much more.
While the far left government will pose the referendum as a vote for or against austerity, the right will say it’s an in-out vote for the single currency and the EU itself.
Greek PM Alexis Tsipras has just called a referendum on 5 July. This after spending most of the week locked in discussions with creditors…
The IMF like their emergency economic plans from debtor countries pretty heavy on the spending cuts, light on the tax rises. The Tsipras plan was the very opposite.
While the proposal has caused outrage among the Greek conservatives and outrage among Syriza’s left-wing voters, the real problem is bigger.
The level of pressure that’s being exerted on Syriza right now, I don’t think is enough to derail a deal from below.
If today’s Brussels talks fail, the Greek debt crisis could stop being a story about economics and become one of civil society, politics and the rule of law.
Ahead of a crucial meeting on the Greece debt crisis on Monday, Paul Mason presents a special long-read, offering five pictures of the country.
The country will divide: right versus left – as it has been divided since British tanks rolled into Syntagma Square in 1944 to install former Nazi collaborators into office.
It is crunch time for Greece. If it fails to pay its debts it could be forced to leave the euro and the EU, and plunge into the unknown. These are the key dates as we approach possible Grexit.
With negotiations between Greece and its lenders stalled, but the differences amounting to around 0.6 per cent of Greek GDP, the stage is set for either a last-minute deal or a breakdown.
The Greek crisis ramped up a gear last night when, at the start of supposed “last chance” talks in Brussels, EU negotiators told the Greek delegation that “negotiations were over”.
While Tsipras, Varoufakis and their negotiators have been trying to get the country’s debt reduced via the IMF and ECB, Zoe Konstantopoulou has been working to get it declared invalid.
They came, they saw, they had – as one Syriza MP put it to me last night – “their balls handed to them”. For all the smiling and calm displayed by Alexis Tsipras, the Greeks know they came off the worst.