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| Version 1 | Version 2 |
|---|---|
| Greece crisis: What are the consequences of a 'yes' or a 'no' vote at Tspiras's referendum? | Greece crisis: What are the consequences of a 'yes' or a 'no' vote at Tspiras's referendum? |
| (6 months later) | |
| Greece is voting on whether it wants to accept the European lenders' proposals for reform, which they must do if they are going to receive any more emergency aid. | Greece is voting on whether it wants to accept the European lenders' proposals for reform, which they must do if they are going to receive any more emergency aid. |
| Greek prime minister Alexis Tsipras was elected for his anti-austerity view – he stands against cuts | Greek prime minister Alexis Tsipras was elected for his anti-austerity view – he stands against cuts |
| This is his big test of the Greek people to see if they still stand with him against the EC, the ECB and the IMF. | This is his big test of the Greek people to see if they still stand with him against the EC, the ECB and the IMF. |
| If they do agree with Tsipras that Greece should stand firm against austerity | If they do agree with Tsipras that Greece should stand firm against austerity |
| Tsipras has said it will mean they have a stronger bargaining position against the lenders. | Tsipras has said it will mean they have a stronger bargaining position against the lenders. |
| But naysayers have warned that it could mean the Greek banking system collapses | But naysayers have warned that it could mean the Greek banking system collapses |
| This would mean Greece may have to leave the euro and re-establish its own currency in order to stabilise its economy. | This would mean Greece may have to leave the euro and re-establish its own currency in order to stabilise its economy. |
| That would have very serious consequence for the global economy – which is itself getting over a financial crisis – and the euro. | That would have very serious consequence for the global economy – which is itself getting over a financial crisis – and the euro. |
| It might even be more expensive for everyone to let Greece leave. | It might even be more expensive for everyone to let Greece leave. |
| European leaders have said that even if there is a no vote, Greece might not exit the Eurozone – basically they don’t want Greece to, because then the project will have failed. | European leaders have said that even if there is a no vote, Greece might not exit the Eurozone – basically they don’t want Greece to, because then the project will have failed. |
| YES VOTE | |
| If there is a yes vote, Yanis Varoufakis, has said that the Greek government will keep its word and accept the lenders’ proposals. | If there is a yes vote, Yanis Varoufakis, has said that the Greek government will keep its word and accept the lenders’ proposals. |
| However he said it would not be easy for many ministers to accept this – declaring that he will resign. | However he said it would not be easy for many ministers to accept this – declaring that he will resign. |
| He also said he would rather cut his arm off than sign a deal without debt relief – a signal that Greece is looking for some of its debts to be written off. | He also said he would rather cut his arm off than sign a deal without debt relief – a signal that Greece is looking for some of its debts to be written off. |
| Talks will resume either way after the vote – at the moment the lenders are refusing to negotiate until they know the results. | Talks will resume either way after the vote – at the moment the lenders are refusing to negotiate until they know the results. |