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Yanis Varoufakis: Why Greeks should vote NO

Previously published (1/7/15) on Global Research


Greek Minister of Finance
Yanis Varoufakis, who
holds dual Greek-
Australian nationality

Other articles, which are supportive or of critical of the way in which Greek government has stood up to the IMF or neutral: Greece Again Can Save The West (1/7/15) by Paul Craig Roberts, The European Union does will kill Greece? by Webster G. Tarpley (8/6/15) | VoltaireNet, Syriza: Plunder, Pillage and Prostration: How the 'Hard Left' Embraces the Policies of the Hard Right (15/16/15) by Prof, James Petras | Global Research, Greek Journalists "Trained by the IMF in Washington to Spin Stories in Favor of the IMF and the European Commission (18/6/15) | Red Pill Times/Global Research, What Greece's Creditors Should Know (18/6/15) | Global Research/Socialist Project, 'This road of austerity is spiral of death' – Greek minister, (19/6/15) | RT, Greece to Face IMF Funding Deprivation Until Arrears Paid off –IMF Chief (19/6/15) | Sputnik News, Greece to hold national referendum on debt deal - PM (26/6/15) | PressTV, Brussels: A bloody-minded blob' of costly dysfunction (28/6/15) by Patrick L. Young | RT Op-Edge ...

  1. Negotiations have stalled because Greece's creditors (a) refused to reduce our un-payable public debt and (b) insisted that it should be repaid 'parametrically' by the weakest members of our society, their children and their grandchildren
  2. The IMF, the United States' government, many other governments around the globe, and most independent economists believe — along with us — that the debt must be restructured.
  3. The Eurogroup had previously (November 2012) conceded that the debt ought to be restructured but is refusing to commit to a debt restructure
  4. Since the announcement of the referendum, official Europe has sent signals that they are ready to discuss debt restructuring. These signals show that official Europe too would vote NO on its own 'final' offer.
  5. Greece will stay in the euro. Deposits in Greece's banks are safe. Creditors have chosen the strategy of blackmail based on bank closures. The current impasse is due to this choice by the creditors and not by the Greek government discontinuing the negotiations or any Greek thoughts of Grexit and devaluation. Greece's place in the Eurozone and in the European Union is non-negotiable.
  6. The future demands a proud Greece within the Eurozone and at the heart of Europe. This future demands that Greeks say a big NO on Sunday, that we stay in the Euro Area, and that, with the power vested upon us by that NO, we renegotiate Greece's public debt as well as the distribution of burdens between the haves and the have nots.

Appendix: Other articles about Greece's default on IMF loan repayment

New York Times Warns Greece to Accept Endless Depression –Because Default Might Be Painful (26/6/15) | Global Research, Greece's exit from eurozone may be best choice: UK PM (27/6/15) | RT, Troika Intends Starving Greece Into Economic Submission (28/6/15) by Stephen Lendman | Global Research, On Greece and Europe: What is Called "Negotiation" is a Demand for Total Surrender (28/6/15) | Global Research, Greek Parliament Authorizes Referendum on Bailout Program (28/6/15) | Sputnik News, ?Eleventh hour deal on Greek debt still feasible – Juncker (29/6/15) |RT, "Greece Should Go Bankrupt, Get It Over and Start It Over" (29/6/15) | Global Research, Varoufakis threatens EU with court as Greek default looms – RT Business (30/6/15) | RT, European Leaders Dictate Terms for Greece (3/7/15) | WSWS/Global Research