Greek Prime Minister Alexis Tsipras announced on June 26 that a referendum will be called over the bailout deal being proposed for the country by Greece's creditors. The deal is pushed by the "Troika" of the European Union, International Monetary Fund and European Central Bank.
Tsipras called an urgent cabinet meeting earlier that day, and later announced to the press plans for the a referendum on July 5. Citizens will be asked 鈥測es鈥 or 鈥渘o鈥 to creditors鈥 proposals. Tsipras has asked the Greek ministerial council to call the referendum.
the Troika
The debt imposed on Greece and its people by creditors directly infringes the human rights of Greeks and is 鈥渋llegal, illegitimate and odious鈥, declared on June 17.
The finding came as talks between Greece and its creditors finished without a deal on June 18. The International Monetary Fund is threatening the near-bankrupt country with default unless it pays the US$1.7 billion it owes by the June 30 deadline.
Thousands protest in Athens against austerity and in support of the SYRIZA government, June 17.
Thousands of Greek people took to the streets of Athens on June 17 to reject austerity measures and support the SYRIZA-led government, that day.
For a while in late May, it looked as if negotiations over terms for releasing the last 鈧7.2 billion owed to Greece under its second bailout package with the 鈥淭roika鈥 of the European Union, European Central Bank and International Monetary Fund might have some chance of success.
The commentary from the SYRIZA-led Greek government's negotiators and from its creditors was of 鈥渇ruitful discussions鈥 and 鈥渕eaningful progress鈥. Greek government spokespeople even spoke of reaching an agreement 鈥渨ithin a week or two鈥, at the latest by the June 18 meeting of the eurozone finance ministers.
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