Greece: Referendum passed by Parliament – SPIEGEL ONLINE

A quick overview

This is happening:

• The Euro Group intends to phase out the aid program for Greece.
• The stop of payments is a response to the announcement of Greece’s Prime Minister Tsipras, the Greeks in a referendum held on. 5 July vote on the austerity package to leave. His party wants to ask voters to “no” to vote with.
• The Parliament in Athens approved the holding of a referendum. Whether it ever comes to that, is uncertain – the payments to Greece are already out on the night of June 30th

The Greek population is to vote in one week about. whether the country accepts claims of its creditors. This was decided late Saturday night the Parliament in Athens. 179 parliamentarians voted for the referendum, 120 against. A deputy was missing. In addition to most of the deputies of the governing parties of Syriza and Anel also voted the right-wing Golden Dawn for the referendum on July 5. Prime Minister Alexis Tsipras announced the referendum in a television address in the early hours of Saturday.

In a heated debate that lasted more than 14 hours, Tsipras campaigned for his plan: “A ‘No’ in the referendum will improve our negotiating position,” said the Prime Minister. The proposal from the donors was “insulting” for Greece. Therefore, he was convinced that the Greeks would reject this “ultimatum” by a large majority. “The day of reckoning is for creditors to come,” Tsipras said

Opposition leader Antonis Samaras warned of a “No”. “In the referendum, it is not really about the Agreement, it is about whether our country in the Euro remains, “he said.

During the debate Samaras ran into a fierce dispute with the President of Parliament, which is why the MPs of his conservative New Democracy were meanwhile stormed out of the plenary hall.

The decision of the Parliament should the relationship between Greece and the rest of the euro zone continue to weigh. Earlier in the afternoon, it had come to an open breach of the Alliance, as the negotiation of grants in Brussels had failed. The euro zone finance ministers rejected demands of the Athens government after re-extension of the aid program on 30 June also.

If nothing happens, the payments to Greece ends next Tuesday at midnight. Since Greece a loan of 1.54 billion euros to the International Monetary Fund (IMF) will have to repay that day, the country would probably go to meet the national bankruptcy.

The Euro Group invited Greece to the rejection of further assistance to take measures to stabilize its financial system. With the end of support on June 30, and no immediate prospect of a follow-up program such measures are necessary, it was said by the finance ministers of the euro countries – with the exception of Greece

the face of a looming national bankruptcy is an uncontrollable, among others. onslaught of the Greeks feared on the country’s banks to bring their money into security. That would jeopardize the Greek banking sector heavily. Without further emergency loans to the ECB, the Greek Government would have to introduce capital controls to prevent a collapse of the domestic banking sector. The creditor institutions – European Central Bank (ECB), European Commission and IMF – stood for “technical assistance” available, BelTA learned from Brussels

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