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brooklynite

(94,571 posts) Thu Jul 2, 2015, 08:38 AM Jul 2015

Greek finance chief vows to resign if voters back European bailout demands Share on Facebook

Source: Washington Post

ATHENS — Greece’s outspoken finance minister said Thursday he would resign if his country approves a referendum on Europe’s bailout proposal, offering the clearest indication that the government’s future is on the line in the Sunday vote.

If the country sides with the radical leftist government and votes ‘no,’ Yanis Varoufakis said, negotiations with Europe could restart immediately. But a ‘yes’ vote, he told Bloomberg TV, means he will step down by Monday.

Varoufakis declined to speculate whether Prime Minister Alexis Tsipras would also resign if the Greek people buck the government’s will. But his comments reinforce a growing view that the vote has become a referendum on Greece’s five-month-old government — as well as a potentially decisive turn in the long saga over whether Greece will be able to stay inside the euro zone.

No hurry - if the YES votes win, I suspect the entire Government will fall...

5 replies

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Greek finance chief vows to resign if voters back European bailout demands Share on Facebook (Original Post) brooklynite Jul 2015 OP

Thats one way to pass the buck and escape responsibility. n/t PoliticAverse Jul 2015 #1

i agree; if the Yes Berlin Expat Jul 2015 #2

If the vote is "yes", the sadoldgirl Jul 2015 #3

But also a highly salubrious F-U to the mechanistic and imperialist KingCharlemagne Jul 2015 #4

Perhaps if the current Government had a plan they could explain to the people PoliticAverse Jul 2015 #5

PoliticAverse

(26,366 posts)

1. Thats one way to pass the buck and escape responsibility. n/t

Reply to brooklynite (Original post)

Thu Jul 2, 2015, 08:44 AM

Jul 2015

Berlin Expat

(950 posts)

2. i agree; if the Yes

Reply to brooklynite (Original post)

Thu Jul 2, 2015, 08:47 AM

Jul 2015

votes prevail, the entire government will likely resign. After all, the government is urging a 'no' vote - and if they lose that, it's sort of a no-confidence vote, one cast by the people themselves instead of by parliamentarians, as is usually the case.

Their credibility would be shattered. And then someone (I suppose an interim government) would have to go and talk to the Troika to get something going. And then, naturally, a new general election will have to be called.

sadoldgirl

(3,431 posts)

3. If the vote is "yes", the

Reply to brooklynite (Original post)

Thu Jul 2, 2015, 11:27 AM

Jul 2015

government should resign. That means that the population
prefers eternal debt and dependence on the troika, instead
of a relatively short yet very painful claim of independence.

KingCharlemagne

(7,908 posts)

4. But also a highly salubrious F-U to the mechanistic and imperialist

Reply to sadoldgirl (Reply #3)

Thu Jul 2, 2015, 11:41 AM

Jul 2015

Germans. Oxi! (Remember the heroic days of 1940!)

PoliticAverse

(26,366 posts)

5. Perhaps if the current Government had a plan they could explain to the people