Greek crisis: Alexis Tsipras calls snap referendum to seal eurozone fate – Line-ups at ATMS

Greece’e prime minister has announced a snap referendum on July 5th in a desperate last ditch attempt by the government to get creditors to back down over demands they are making to secure its eurozone future.

Prime Minister Alexis Tsipras called the surprise vote having spend Friday night holed up in an emergency meeting with his cabinet.

The question to be put before voters is whether or not the country is willing to submit to the conditions being demanded by Greece’s creditors.

His decision comes as eurozone finance ministers were told they have less than 24 hours to secure an agreement with the government at an emergency meeting in Brussels on Saturday.

Without a deal, Greece faces a debt default on June 30 and a collapse of its banking system as early as Monday.

  • Jay Currie

    So, if you were a Greek of modest means and no particular political leanings, how would you vote?

    My own vote would be to tell the EU to stuff it, default and get to work the next day rebuilding the Greek economy. And I would vote that way knowing that there were going to be some very rough days ahead if my side won.

    Large organizations like the EU are 20th century relics. The quicker they die the faster we’ll all be able to get on to the future. Greece might well lead the way.

    • I would definitely. In fact I would vote to kick Toronto out of Canada.

      • dance…dancetotheradio

        Or at least make it a province unto itself.

      • Justin St.Denis

        I love that idea. And Toronto is arrogant enough to react as if they could actually make a go of it! Geez, I’d love to see how that would play out…

    • dance…dancetotheradio

      Iceland already has.

      • mauser 98

        yes..threw bankers out

      • El Martyachi

        .. about half the population of Winnipeg. But, sure, technically a country. BTW their national archive is in the 3rd floor of Dafoe Library at UofM .

        • dance…dancetotheradio


          • El Martyachi

            Looks like .. not anymore or at least not advertised. It, or at least some parts of it, were as recently as 2ish years ago.

  • mauser 98

    Germany to let it all crash .. recover later.. shake out the Greeks??
    summer best time to do it
    you don’t amputate a limb slowly

  • The Butterfly

    Somebody pass the popcorn. I just love listening to parasites scream.

    • France is very fearful of anyone exiting the EU, but especially Britain. I wonder why;)

      • Exile1981

        Because France knows they are going to be in Greece’s boat some day and they want a precedent of bail outs.

  • Alain

    Through the EU Germany has accomplished most of what the Nazis tried and failed to do. France, as always, is just being the available whore.

    • barryjr

      Maybe deadbeats should learn to pay their debts.

    • Justin St.Denis

      Bingo, and I find it hard to understand why that is not brought up more frequently. Also, Merkel was born and bred in East Germany, and was personally doing really well under that system. People never remember that, or are not aware of it.

  • Hard Little Machine

    A referendum is always a political stunt, a punt. Then they elected leader(s) can cry ‘it’s out of our hands, it’s what the people want’. All it does is kick the can down the road.

    • tom_billesley

      It shuts down all negotations until after the referendum result is announced, as the referendum question is frozen.