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Greece debt crisis: Tsipras urges 'No' to 'blackmail' | Greece debt crisis: Tsipras urges 'No' to 'blackmail' |
(about 2 hours later) | |
Greek PM Alexis Tsipras has called on voters to reject "blackmail" when they vote in a bailout referendum on Sunday. | Greek PM Alexis Tsipras has called on voters to reject "blackmail" when they vote in a bailout referendum on Sunday. |
In a TV address, he insisted Greece's presence in the EU was not at stake. | |
There were short-lived scuffles between police and protesters as "Yes" and "No" rallies began in Athens on Friday. | |
A Greek court has rejected a challenge to the legality of the referendum, in which voters will decide whether they support the terms of further international loans. | |
It comes after tough talks with creditors, and EU leaders have warned that a "No" vote could see Greece leave the eurozone. | |
Greece's economy is already being squeezed after its bailout ran out on Monday. | |
Banks have been shut and limits imposed on cash withdrawals. | |
The head of Greece's banking association has warned that warning that although the banks have enough funds until Monday, they will be dependent on the European Central Bank thereafter. | |
Claims by Greek politicians that a "No" vote will strengthen their hand in bailout negotiations have been rebuffed by European leaders. | |
Both EU Commission President Jean-Claude Juncker and Jeroen Dijsselbloem - head of the Eurogroup of finance ministers - have insisted a "No" vote will weaken the Greeks' position and that even a "Yes" vote will not mean a deal is easy to agree. | |
Desperate times | |
It is a scene that speaks of suffering and exhaustion, and one that may well become the lasting image of the Greek debt crisis. | |
An elderly man, sitting on the ground outside a bank, was photographed crying on Friday morning. | |
The image, taken in Thessaloniki by AFP's Sakis Mitrolidis, was widely shared on social media as soon as it was published. | |
The man, whose name was not disclosed, was helped away soon after it was taken. | |
His story is not known, but those of plenty of other pensioners are. | |
Monthly pensions have gone down to an average of €833 ($924; £594) from an average of €1,350 in 2009, according to INE-GSEE, the institute behind Greece's biggest union. | |
Read more: Cost of crisis to pensioners | |
Several European officials have complained in strong terms about Greece's abrupt decision to hold a referendum on the terms of a bailout offer that they say is no longer on the table. | Several European officials have complained in strong terms about Greece's abrupt decision to hold a referendum on the terms of a bailout offer that they say is no longer on the table. |
But in a ruling on Friday, Greece's top administrative court rejected an appeal lodged by two individuals who had argued that it was illegal to hold popular votes on fiscal matters. | |
Debt 'unsustainable' | Debt 'unsustainable' |
In his address, Mr Tsipras referred to an IMF report published on Thursday which said Greece would need an extra €50bn euros ($55bn; £36bn) over the next three years to stabilise its finances and repeated suggestions that Greece needed debt relief. | |
The recent negotiations were over the release of a final tranche of bailout funds of €7.2bn. | |
Greece's mountain of €323bn debt was "not sustainable", Mr Tsipras said. He said he had called for a 30% "haircut" off the debt and a 20-year grace period for the rest. | Greece's mountain of €323bn debt was "not sustainable", Mr Tsipras said. He said he had called for a 30% "haircut" off the debt and a 20-year grace period for the rest. |
Mr Tsipras urged voters to reject the "sirens of scaremongering". | |
But he added: "Whatever we choose... Come Monday we are all together." | |
Lenders' proposals: Key sticking points | Lenders' proposals: Key sticking points |
Source: European Commission document, 26 Jun 15 (pdf) | Source: European Commission document, 26 Jun 15 (pdf) |
Greek debt jargon explained | Greek debt jargon explained |
Tsipras and his Greek gamble | Tsipras and his Greek gamble |
A poll published in Ethnos newspaper on Friday showed the two sides evenly split, with the "Yes" vote at 44.8% and the "No" vote at 43.4%. | A poll published in Ethnos newspaper on Friday showed the two sides evenly split, with the "Yes" vote at 44.8% and the "No" vote at 43.4%. |
But the same poll showed 74% in favour of staying in the euro, with just 15% choosing a return to a national currency. | But the same poll showed 74% in favour of staying in the euro, with just 15% choosing a return to a national currency. |
The European Commission, the European Union's executive arm - one of the "troika" of creditors along with the International Monetary Fund and the European Central Bank - wants Athens to raise taxes and slash welfare spending to meet its debt obligations. | The European Commission, the European Union's executive arm - one of the "troika" of creditors along with the International Monetary Fund and the European Central Bank - wants Athens to raise taxes and slash welfare spending to meet its debt obligations. |
On Tuesday, the previous eurozone bailout expired, depriving Greece of access to billions of euros in funds, and Athens missed a €1.5bn repayment to the IMF. | On Tuesday, the previous eurozone bailout expired, depriving Greece of access to billions of euros in funds, and Athens missed a €1.5bn repayment to the IMF. |
Are you in Greece? Has the turmoil affected you? You can share your experiences by emailing haveyoursay@bbc.co.uk. | Are you in Greece? Has the turmoil affected you? You can share your experiences by emailing haveyoursay@bbc.co.uk. |
Please include a telephone number if you are available to talk to a BBC journalist. | Please include a telephone number if you are available to talk to a BBC journalist. |
Or WhatsApp us on +44 7525 900971. | Or WhatsApp us on +44 7525 900971. |