#DoYouRemember? — The second most historical “No” in Greek history
The first was in 1940 against Mussolini the second was the Greek Referendum against the EU.
Photos: Panayotis Tzamaros
When Alexis Tsipras called upon the Greek populace to decide on a bailout package proposed by the European Central Bank, the European Commission and the International Monetary Fund on the 27th of June 2015, uncertainty clouded over Greece.
The markets went wild, and so did the politicians, on both sides of the border. Capital controls were imposed as soon as the referendum was announced, to avoid a run for the banks that could cause the Greek financial system’s collapse.
The country fell in a serious debate that was going on every second. It was all anyone was talking about. The streets were filled with “Yes” and “No” posters. The proposed package would impose further austerity measures and structural reforms, in exchange for bailout funds. All the Greek people had to do was read the technocratic proposal and decide if it was a Yes or a No.
It was a No, 61% of voters decided. PM Alexis Tsipras insisted the vote would have no Grexit implications. The media and those interviewed insisted that it very well might. Mr. Tsipras had ran on the promise that he would withdraw Greece from Eurozone if need be.
He didn’t. The result of the referendum was further negotiations that imposed harsher measures on Greece.
On the 5th of July, however, when the vote and the count took place, no one knew what the future had in store. The “No” supporters erupted on the streets of Athens to celebrate the decision.
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