Everyone Waits for Greece's Referendum Results

• 07.02.2015, 13:21
•  Europe,  World

The situation over the Greek bailout remains quite complicated and it seems that we will forever read in media "Greek crisis." Despite talks and many efforts the sides cannot come to an agreement. On Sunday a referendum will be held to give the people in Greece an opportunity to accept or not accept creditor demands in return for bailout funds. This referendum was planned by Tsipras after Germany rejected Greece’s deal offer to the creditors.

Now the Prime Minister Alexis Tsipras urges his people to cast "No" vote so as to be able to win a better deal. Tsipras is sure that Greece should stay in the eurozone. Meanewhile, on Tuesday, as the New York Times writes, Tsipras wrote a letter to the European Central Bank, the International Monetary Fund and other eurozone countries in which he expressed his readiness to accept a deal proposed by creditors with some changes in it connected with pension cuts and tax increases. However, not surprisingly at all, the European leaders refused to hold any talks until the results of the referendum are known.

"There will be no talks in the coming days. We will simply await now the outcome of the referendum on Sunday," Eurogroup President Jeroen Dijsselbloem told reporters, Washington Post writes.

After the Greece authorities closed the banks and imposed other capital controls, the situation in Greece became even worse. This was a huge psychological blow for the society, who felt even more in how desperate situation the country is. In this regard Valdis Dombrovskis, a vice president of the European Commission, said: "Now much more damage has been done and much more effort will be needed to restore the situation," New York Times writes.  

Everyone waits for the results of the referendum, as if it will be a decisive one, though this is the only thing left to do. It is difficult to imagine that the referendum will play a great role in the Greece crisis, but if it is so, then we should expect new developments.