You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Greek Talks Stall Ahead of Austerity Referendum Sunday

HeadlineJul 02, 2015

Talks between Greece and its European creditors have ground to a halt ahead of a Greek referendum Sunday on whether to accept an austerity package of budget cuts and tax hikes. Earlier this week, Greece missed a $1.8 billion payment to the International Monetary Fund, bringing it to the edge of a financial meltdown. Greece’s left-wing Syriza-led government has urged residents to vote “no” in this weekend’s referendum, rejecting the latest bailout proposals from European creditors. Speaking to Bloomberg TV earlier today, Greek Finance Minister Yanis Varoufakis said he would resign if Greeks vote to embrace a deal he says would only extend the current crisis.

Yanis Varoufakis: “We’ll find a way of signing this. Maybe we will change the configuration of the government, because some of us may not be able to stomach it. Personally, I won’t sign another extend and pretend. I’m allergic to extending and pretending. But I will not scupper it. I will not scupper it. I will do, and I’m sure the prime minister will do, and everybody in the government will do, what we must do in order to respect the 'yes' verdict of the Greek people. But there won’t be a 'yes' verdict. I’m quite confident that the Greek people have had enough of extending and pretending, like the rest of the world, by the way.”

Guy Johnson: “Just to nail you down a little bit more.”

Yanis Varoufakis: “Please do.”

Guy Johnson: “So, if there’s a 'yes' vote, come Monday night, you will not be finance minister?”

Yanis Varoufakis: “I wouldn’t.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top