GREEKS HAVE SAID NO YESTERDAY TO CREDITORS BY VOTING BY POPULAR REFERENDUM

USPA NEWS - The Greeks called "oxi" ("no") massively and the proposed reforms made by the country's creditors. According to final results of the Greek Interior Ministry The "NO" won with 61.31% of votes. Greeks have voted in a referendum Sunday on whether the government should accept a proposed bailout deal.

The deal which would provide critical funding if the country implements more economic and labor reforms. The problem is that the question is so unclear, many don't really understand what Greece is actually voting for or against. The BBC, which provided an English translation of the referendum question, warned readers: "For those who can't read Greekdebtspeak, well, you're on your own." Source huffingtonpost, BBC----------------------------- A REFERENDUM DECIDED IN A VERY SHORT NOTICE AND A CONFUSED QUESTION---------------------------------- The Greek referendum was announced by Prime Minister Alexis Tsipras in the early morning of 27 June 2015, and ratified the following day by the Parliament and the President. It was the first referendum to be held since the republic referendum of 1974, and the only one in modern Greek history not to concern the form of government. The 6th July referendum was to decide whether or not Greece was to accept the bailout conditions in the country's government-debt crisis proposed jointly by the European Commission (EC), the International Monetary Fund (IMF) and the European Central Bank (ECB) on 25 June 2015, took place on 5 July 2015.

THE QUESTION OF TO BE OR NOT TO BE AGREEING THE PROPOSAL MADE TO GREECE BY THE EU----------- The Greek people voters were asked whether they approve of the proposal made to Greece by the EU, the IMF and the ECB during the Eurogroup meeting on 25 June. The proposal consists of two documents, titled "Reforms For The Completion Of The Current Program And Beyond" and "Preliminary Debt Sustainability Analysis.". The question contained two choices stated as "Those citizens that reject the proposal of the three institutions vote 'Not approved/No/Οχι'" and "Those citizens that agree with the proposal of the three institutions vote 'Approved/Yes/Ναι'". Source Hellenic Parliament, www.hellenicparliament.gr/fr/ Europe wakes up a beautiful dream or Athens has celebrated the victory of the NO vote in the referendum last night. The referendum question asked the Greek people to answer a YES or NO has " The people vote and therefore say NO to 61.31% according to final results historically cradle land of democracy and consultation by the expression of the vote. A result which does not help everyone, but time brings a night of drunkenness Election in Athens, which the people suffer "Too long of austerity." A Greek Citizen interviewee, on the French TV channel iTV "We have already lost almost everything by austerity, so we had nothing to lose" Beautiful dream for some? Nightmare for others! The uncertainty about the maintenance of the country in the euro area. Triumphal wake for ones, or nightmare after the vote for others? Yet Francois Hollande and Angela Merkel Eurozone leaders had said "Respect the vote of the Greek people“. Meanwhile, Other European leaders have appealed for a 'yes' vote, warning Greece would face economic disaster and a possible exit from the euro currency if a bailout deal is not reached.

EUROPEAN LEADERS AND THE US PRESIDENT OBAMA EXPRESS THE OPIINON THAT GREECE REMAIN IN THE EURO ZONE------------------------------------------------------------------------------------------------------------------------------- A majority of European leaders, and the US President Obama have expressed the opinion that Greece should remain in the monetary union. An opposite view comes from the UK Prime Minister David Cameron who mentioned, according to a leaked note, that it "might be better" for Greece to leave the euro in order to sort its economy out, even though Cameron conceded that there were major risks in that, too. Source: The Guardian, UK The Euro Stoxx 50 Index tumbled 4.2 percent on June 29 and the Standard & Poor´s 500 Index had its biggest plunge in more than a year after Tsipras unexpectedly called for a referendum on austerity measures proposed by Greece´s creditors. According to Economic analysts “trillion-dollar stock Mangers see chaos on Greek “No“ vote“, published Bloomberg 2 days before the referendum. Source Bloomberg---------------------------------------------------------------------------------------------------- According to the Washington Post : “ President Obama and his team are watching the referendum closely and say though they would like Greece to stay in the Euro Zone, and Obama doesn´t expect any problems in our markets“. Therefore, from now, the Greek people hackneyed cards of the negotiation and causes the urgent resumption of negotiations. Merkel and Hollande M has seen the Elysee Palace, Paris, "to evaluate the consequences of the referendum in Greece" before the EU summit. German Chancellor Angela Merkel and French President François Hollande, were nevertheless "agreed" to say he had to "respect the vote" of the Greeks, and to call for a summit of the euro zone, to be held Tuesday. For now, the President of the French Republic is to receive on Monday evening in Paris the Chancellor Previously, Jean-Claude Juncker, President of the European Commission must consult in the morning during a conference call Jeroen Dijsselbloem, president of Eurogroup, Donald Tusk, President of the European Council, and Mario Draghi, head of the European Central Bank (ECB). The Greek Prime Minister, Alexis Tsipras has declared dressing his people: "Given the difficult circumstances at this time, you made a very courageous choice. I quite realise that the mandate you have entrusted to me is not that of a rupture with Europe, but a mandate to strengthen our position in the negotiations to find a viable solution."-------------------------------------- This week will be crucial in Greece, hoping that the negotiations will lead to finally liberate the people in a way pro European, or Exit Greece after a long period of austerity suffering. We shall update on this situation in next publications. For more information see: Hellenic Parliament, www.hellenicparliament.gr/fr/