Tag Archives: Referendum

Last Exit Before Grexit?

Nicolai Kwasniewski reports in Der Spiegel about the last (?) chance for Greece to avoid Grexit.

  • By Wednesday night, Greece has to submit a request for an ESM program.
  • After discussing the request, Euro finance ministers will ask the “institutions” to evaluate it and to assess whether the stability of the Euro zone is under threat (a prerequisite for ESM funding), the program is sustainable etc.
  • Greece has to submit detailed reform proposals until Thursday. To be acceptable, they will have to satisfy stricter requirements than those the Greek voters recently rejected.
  • Euro finance ministers will evaluate the proposals on Saturday.
  • EU prime ministers and presidents have the last word on Sunday.

Peter Spiegel, Anne-Sylvaine Chassany and Duncan Robinson report in the FT.

Populist Dishonesty?

Marc Champion comments in Ekathimerini that the planned referendum question in Greece disguises the relevant trade-offs.

Not once in his address on the referendum did Tsipras mention the common currency. When the Associated Press asked Syriza cabinet minister Panagiotis Lafazanis whether the nirvana of reconstruction and progress he described as following from a “no” vote to the bailout would involve leaving the euro, he said: “It is you [the media] who pose this dilemma.”