1. Greek PM Alexis Tsipras says bailout referendum will be held on July 5

Greek PM Alexis Tsipras says bailout referendum will be held on July 5

Greek Prime Minister Alexis Tsipras has in a television address to the nation announced that he will hold a bailout referendum on July 5, as a way to search for a solution to his nation's ongoing debt crisis.

By: | Published: June 27, 2015 1:43 PM

Greek Prime Minister Alexis Tsipras has in a television address to the nation announced that he will hold a bailout referendum on July 5, as a way to search for a solution to his nation’s ongoing debt crisis.

In his televised address, the BBC quoted Tsipras, as saying that the austerity measures put in place now by the creditors were humiliating and unbearable, and therefore there was a need for a referendum.

The Greek government had earlier rejected the proposals, aimed at avoiding the country defaulting on its debt.

Greece has to make a Euro 1.5 billion International Monetary Fund (IMF) debt repayment on June 30.

Tsipras said existing austerity measures were violative of European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people.

  1. Michael Mixalis
    Jun 27, 2015 at 1:39 pm
    Yesterday, on the eve of 26th of June 2015, our country, Greece was given a deadline of 12 hours by the IMF, ECB, and EC to decide on whether to agree to the full domination of the Greek Republic, or else to be thrown out of the Euro and the EU, default and perish, but even if a 12 day or 12 week or 12 year were given, the Greek response would have been the same. The Greeks taught dignity and respect to democracy throughout the centuries. Today, when the entire world has turned against us for not giving up our freedom, we dare to question the invincibility of the Money-markets and those who are behind them and rule the world to their sole benefit raising against them the proud spirit of freedom in the most profound and legal manner through a defined and proper referendum as per the Word of our Consution and approved by our parliament through majority vote. The dramatic question of the Referendum will be either to say YES and give in and surrender the Republic and the Consution to the IMF, ECB, and EC, or to say NO and leave the Euro and the EU completely on immediate basis. The Referendum is to be executed on the 5th of July 2015. The because as per Article 1 of the Greek Consution, "In the case of an ultimatum or deadline that threatens to dissolve Democracy and the Consution, the decision lies SOLELY with the will of the citizens by means of majority vote" (enic Republic Consution, Article 1, Clause 1). You may wish to blame the Greek people for not giving in to the IMF, ECB, and EC wishes, but I kindly request all of you to support us for defending our Consution, Democracy and the Republic, at the same time taking full accountability for the outcome of the July 5th, 2015 referendum. Whatever this outcome comes to be it will be in full accord to the Word of the Consution. Many thanks to everyone. Wishing a good day to all of you.
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