Tsipras Calls For Referendum In Televised Address

Tyler Durden's picture

Greek PM Alexis Tsipras has announced a referendum in a televised speech to the nation after another day of fractious negotiations with creditors closed without a deal. 

The dramatic move comes after Athens rejected a proposal from the troika aimed at delivering some €16 billion in aid to Greece as part of an extension of the country's second bailout program. From Kathimerini:

The government is considering a referendum on the substance of the agreement, according to recent reports, during the enlarged meeting taking place from Friday night at the Maximos Mansion. The referendum is expected to be held next Sunday, while the prime minister has already informed the political leaders. The prime minister after returning from Brussels convened the extraordinary Governing Council at the Maximos Mansion, which after 23:00 turned into cabinet by attendance of ministers and party executives to discuss the latest developments and next steps in view of tomorrow's Eurogroup.

EU finance ministers will convene in Brussels tomorrow and it appears as though Tsipras is set to turn the tables by threatening to effectively put euro membership to a popular vote. 

  • GREECE'S TSIPRAS SAYS CREDITORS POSED ULTIMATUM TO GOVT
  • GREECE'S TSIPRAS SAYS CREDITORS PROPOSALS ARE AGAINST EU RULES
  • TSIPRAS SAYS CREDITORS AIM TO HUMILIATE GREEK PEOPLE
  • TSIPRAS SAYS WILL CALL REFERENDUM ON GREEK DEAL WITH CREDITORS
  • TSIPRAS GREEK REFERENDUM WILL BE HELD ON JULY 5
  • TSIPRAS SAYS HE NOTIFIED MERKEL, DRAGHI ON REFERENDUM PLAN
  • TSIPRAS SAYS GREECE IS, AND WILL STAY PART OF EUROPE
  • TSIPRAS SAYS GREECE NEEDS TO SEND DEMOCRATIC RESPONSE TO EU

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TheLooza's picture

What does it mean?  It's all Greek to me.

Looney's picture

Referendum? If Papandreou, a few years ago at the beginning of the Greek Debt crisis, did the same thing, everybody in Europe would’ve been better off by now, i.e. there would’ve been NO MORE EURO. Coulda, woulda, shoulda… ;-)

Attaboy, Tsipras! Attaboy!

Looney

StychoKiller's picture

 

 

Choices on the ballot:

1. Have your cake.

2. Eat your cake.

(Decisions, decisions!)

Waylon Bits's picture
Waylon Bits (not verified) StychoKiller Jun 26, 2015 5:19 PM

C-17 seen unloading Diebold machines in 3... 2... 1....

EscapeKey's picture

dont think they use voting machines in greece

 

kaiserhoff's picture

I bet they'll vote for moar free shit.

Bilderberg Member's picture

Wow, we're waiting to see if Puerto Rico meets a bond payment on July 1st and Greece votes to another round of bailouts July 5th. Who defaults first??

invisible touch's picture
invisible touch (not verified) knukles Jun 26, 2015 5:54 PM

bla blaaa blaaaaa, you goats suckers, announcing results before the question to the people :

  • TSIPRAS SAYS WILL CALL REFERENDUM ON GREEK DEAL WITH CREDITORS
  • TSIPRAS GREEK REFERENDUM WILL BE HELD ON JULY 5
  • TSIPRAS SAYS GREECE IS, AND WILL STAY PART OF EUROPE

 

EUROPE IS A FUCKING SCAM, PLAN ACCORDINGLY.

new game's picture

imagine a refendum in merica on whether not we qe(monetize the debt) or not.

imagine a ref. for ending the fed. imagine...currency backed by, imagine, ha lol.

WTFUD's picture

Yes Obama would win 58-42 because the Free Shit Army would prefer to string it out for at least another 18 months to get the new tent ready.

The guy's been called a few things by some on Z/H but has done the right thing rather than stay in the job , collect a salary ( and a few brown bags ) and hide in the mansion, towing the Troika/Gestapo Line.

The hubris of the Neocons in thinking they'll get a Stay In and then put in their own Jerk without turning Greece into a burning cauldron is laughable.

Either way PLAN B with Russia and China is a soft-landing.

indygo55's picture

He said Greece will stay part of Europe. He didn't say Greece will stay in the EMU or the EU. He didn't say Greece will stay with the Euro.

 

knukles's picture

Does free shit include "free" Interest and Principal
Gonna be critical how the yea and nays are worded.  Can be messed up real bad like a CA proposition.

Waaaaiiiiit a minute.  Saturday was the red line in the sand and so it just got red lined another week, right.

Uber Vandal's picture

I have heard of referendums where one had to vote Yes for No, and No for Yes.

Most people who were against the referendum and instinctively voted no, and unfortunately did not read, or comprehend what was going on, were shocked by the result.

Antifaschistische's picture

Do live in Houston TOO!  Every damn thing we vote on was written by the bizarro world doublespeak zombies...

two hoots's picture

All this then a referendum?   Just what will the referendum state?

knukles's picture

MOAR Whoopie
NOMOAR Whoopie

NeoRandian's picture

The fifth-biggest hustle of all time.

espirit's picture

ECB Mandate.

News announced on a Monday.

Kabuki on.

Outlaw_Rambler's picture

FUCK YEAH! Things are starting to get interesting

Little Doll's picture

I just started 6 weeks ago and I've gotten 2 check for a total of $2,200...this is the best decision I made in a long time! "Thank you for giving me this extraordinary opportunity to make extra money from home. This extra cash has changed my life in so many ways, thank you!" www.earnmore9.com

tc06rtw's picture

Pay close attention to all the Talking Heads (political/media/government/financial)…

They’re ALL behaving like children caught in an impending divorce; acting out, pleading, soft words, wishful thinking, nervous speculation, denial, emotional disengagement --

You could use it for your doctorate in Psych, Finance and PoliSci !

kaiserhoff's picture

Good point.  There is a sea change in attitudes.

Ratings are in a power dive.

Panic does strange things to people.

Sophist Economicus's picture

"My fellow Greeks!

We, the cradle of Democracy have been presented with an odious proposal and it is time to take a stand!

For years, we have borrowed money at favorable rates AND used this money to build infrastucture, fill our Government, YOUR government buildining with many fellow Greeks and paid them well and promised them - and by them I mean YOU generous pensions, benefits and the like.    We also used the money to line our own pockets - and by that I mean NOT YOUR pockets, but it should feel like your pockets, since WE are YOUR government.

Today, the disgusting Germans and their Arian Northern Brothers want us to PAY THEM BACK.   Can you believe it!    How can we?  How could we?   We spent it all on YOU and on US - but by US I mean YOU too.

Remember, the idiotic Banks -- you know, the BANKSTERS, THEY were stupid enough to buy our debt.   They Kept loaning us more.    Did they not know that we are Greeks - the cradle of Democracy?   Did they not know that we are compulsive spenders and have NEVER paid our debts?   Did they not see that we were spending thier money without any sense of responsibility?

And NOW, they want to Humiliate us!   They want us to pay back what we borrowed!   

Well, F*ck them!    We are Greeks, we are Democracy, we are Solidarity!.    We want more money, to continue to pay our bloated pensions, to pad our government offices with more usless staff, to pay our young people to get multiple degrees and stay in school till the reach 55 and then retire.    

I tell you, it is OUR RIGHT, as Greeks to have all our loans forgiven AND to receive more money from those Arian bastards AND to continue to live our lives - with DIGNITY.   For only as Debtors who will never pay what we borrow from others, can we truely be a FREE and PROUD people and part of Europe - that owes us everything - WITHOUT QUESTION

THank you

 

Alexis Tsipras

Kaiser Sousa's picture

yeah, ok...

and who gave them the fucking Euros????

and who is the Troika REALLY trying to protect from losing their fucking asses????

and why was this bullshit European Monetary Union drawn up in the first fucking place - and by whom????

IT ALL LEADS BACK TO THE MONEYCHANGERS....

the politicians r just the fucking pawns...u'd think that would be understood by now for those with half a brain and even one good fucking eye.....

but carry on Sir.....Thank you,

The International Bankers.

Kaiser Sousa's picture

exactly....behind every economic catastrophe u will find them....

behind every fucking war u will find them...

 

Sophist Economicus's picture

Ah yes, the old "The Devil Made Me Do It" rational

 

I'll bet you that you think you are a person of Principle.   So, if I were to ask you would you borrow money that you knew you could not pay back IF IT would have terrible consequences for your family, how would you answer?

 

If I gave you great terms to borrow money to buy weapons to murder _____ (fill in the blank) would you do it?    Would you willingly put your family in harms way because the financing was great?

 

Would you add massive additions on your house, purchase equipment you didn't need for your business because I have a teaser rate?

But government employees are patsies, eh?    Those fucking snales in the grass that got to where they are by being more ruthless and unethical than the other guy - they are little lambs led to slaughter because of low interest rates, etc...

My eyes are open -- yours should be too.    Both parties are doing a dance - and it has nothing to do with us -- but everything to do with doing it to us

Antifaschistische's picture

...and the reason why Greece must and will stay in the EU, is that even with the looming defaults, the EU will be required to bail-out the banks courtesy of Euro devaluation...so the parasites need memeber countries to be part of that process.  If Greece leaves, then they won't be responsible for bailing out the banks.  That can't be allowed.

exartizo's picture

love it.

very nice succinct on the irony and hypocrisy.

 

very nice writing, sans a few minor spelling errors.

trader1's picture

Live Streaming is not available in your country due to rights issues.

 

 

 

 

 

 

 

 

 

Winston Churchill's picture

You're not missing much, he keeps on saying malaca this and malaca that.

Its been years since I have spoken Greek, but I seem to remember that being very rude.

mtndds's picture

someone finally do something!!

NoDebt's picture

As I recall the last time a mjor politician called for a referrendum they were promply removed from office and replaced with somebody more.... compliant with bank demands.

knukles's picture

Gosh.  I thought it was the Eye-Ties had that done to 'em.  (sarc, they did both as well as Draghi at the ECB, if I remember)

dot_bust's picture

It woud definitely be wise to let the Greek population decide via a referendum. That would indeed be democracy in action -- something the U.S. has long since abandoned.

 

ThirdWorldDude's picture

And in that beacon of democracy EU, referendum rules have been changed so that nowadays it's voted until results are in line with what the masters want.

ThroxxOfVron's picture

"nowadays it's voted until results are in line with what the masters want. "

 

Sounds just like the US CONgrASS: voting, even blindly -'must pass it to see what it is'- without a clue as to what is being voted on.

TPP and the like are voted on until passed.  No never means no; it only means that the voting will continue until the result taht the Oligarchy/corporations have already demanded and position to implement and profit from..

Oldwood's picture

We don't need no stinking democracy. we have a POTUS and a SCOTUS and what they say goes. The ultimate in effeciency....making the trains run on time and everybody's dingles tingle.

buzzsaw99's picture

...Athens rejected a proposal from the troika aimed at delivering some €16 billion in aid to Greece...

aid to Greece, lulz. aid to Greece's creditors more like.

ThirdWorldDude's picture

If the host dies, then the parasite dies with him. We can't let that happen, can we?

small towel's picture

I don't think that Finnish bloke who looks like Willem Defoe in Mississippi Burning will be overly pleased.

Racer's picture

Go Greece, stick it up 'em!