1. Greek
governm
ent‘may resign’ if
it loses
referendum…

3. Greece
GovernmentCapture Audience Attention Greece’s radical left government said on
Thursday it may resign if it fails to win a referendum that could
decide the country’s financial future. Greek Finance Minister Yanis
Varoufakis said the government “may very well” quit if the public
went against it in Sunday’s plebiscite and voted for more
austerity in return for international bailout funds.
“We are on a war footing” to ensure the rushed referendum
happens on time, Varoufakis added in the radio interview.
The world’s financial markets and Greece’s creditors ——
the European Commission, European Central Bank (ECB)
and International Monetary Fund (IMF) —— are stepping
back after days of dizzying drama to watch the outcome.

4. Greece
Government

5. “We are on a war footing” to ensure the rushed referendum happens ontime,
Varoufakis added in the radio interview. The world’s financial markets and
Greece’s creditors — the European Commission, European Central Bank
(ECB) and International Monetary Fund (IMF) are stepping back after days
of dizzying drama to watch the
outcome.
But European chiefs warned the situation was deteriorating and what could
emerge after the vote remained unclear. “The situation is only getting
worse, due to the Greek government’s behaviour,” said Jeroen Dijsselbloem,
Dutch finance minister and head of the Eurogroup of eurozone finance
ministers. “In case of a ‘No’, Greece’s situation will become exceptionally
difficult,” he told Dutch lawmakers. Such a result would plunge Greece and
the eurozone “into the unknown,” French President Francois Hollande said
on an African visit.

6. Greece
Government

7. Ordinary Greeks are divided over which way to vote and even
what the referendum is about. Would a ‘No’ sought by the
government prevent yet more grinding austerity? Or, as EU
leaders warn, would it send the country crashing out of the
euro? The Greek government led by Prime Minister Alexis
Tsipras believes rejecting the bailout conditions would
strengthen its hand in negotiations with creditors. Orange
posters urging a ‘No’ vote line Athens streets, the word ‘OXI’
(no in Greek) stamped in large black letters.

8. Greece
Government

9. But support for the ‘No’ camp has sharply slid this week as Greeks
struggled under capital controls reducing ATM withdrawals to 60
euros (USD 67) a day. The government’s failure on Tuesday to
make a 1.5-billion euro loan repayment to the IMF has also focused
minds. Athens is now in danger of failing in arrears to the ECB if it
also fails to pay 3.5 billion euros on July 20. “I was going to vote
‘No’ because I think the Greek people are being treated with
contempt. But Tsipras has made the situation so much worse, it’s his
fault the banks are closed,” said shop assistant Suzanna Alizoti.

10. Greece
Government

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