This is no. Sunday evening, Greece, which is to decide on the plan of reforms demanded by its creditors, clearly rejected the text that was presented. After counting nearly half newsletters, the “Oxi” (“no” in Greek) prevails widely, with over 60% of the votes. On the map of Greece, not one region has given the advantage to “Nai” (“Yes” in Greek). It is a real snub inflicted the Greek people in the European Union and a great victory for Alexis Tsipras, who campaigned for one week in this direction.
The vote is closed, the time is now to resume negotiations. Crowned by his victory, Tsipras hopes to get its creditors more favorable than the text that the European Commission wanted to obtain. On Sunday evening, spokesman of the Greek Government, Gabriel Sakellaridis, assured that “initiatives to reach an agreement” between Athens and its EU and IMF creditors “would intensify from tonight.” Earlier, the Minister of Economy, Yanis Varoufakis, felt that such an agreement could be found “within 24 hours”.
Are Europeans ready to negotiate?
It is further necessary that the other European leaders are ready to access the Greek requests. Several countries are indeed increasingly infuriated to have to pay for Greece when they themselves are making efforts to maintain a reasonable budget, and could therefore refuse any discussion. This is particularly the case in Germany, where the economy minister Sigmar Gabriel said in an interview with the daily Tagesspiegel that a new round of negotiations “seems unimaginable.” “Europe has cut the last bridges, he still insisted. Angela Merkel and Francois Hollande are to meet Monday evening at the Elysee,” to evaluate the consequences of the Greek referendum. ”
L Germany is far from being the only one to consider putting an end to the Greek case. Bulgaria, the poorest EU countries whose public debt to 23.6% of GDP, is the lowest of 28, criticized on numerous occasions the European benevolence towards its neighbor Greece. There is a safe bet that Sunday night, Sofia path of an evil eye the result of Greek referendum.
Banks are now held at arm’s length by an emergency credit line provided by the ECB, amounting to 89 billion euros. The problem is that this aid is nearly exhausted. Sunday evening, Greece’s central bank has requested that the ceiling be raised. Mario Draghi’s accept? Very clever who can say. Indeed, it has already refused last Monday to bring additional six billion. A new refusal could lead the failure of a banking system and force the government to issue IOUs to replace the euro, resulting de facto creation of a new currency in the country and leaving the zone euro.