06:48 GMT09 August 2020
Listen Live
    Get short URL
    Financial crisis in Greece (197)

    The Greek bailout referendum gives Europe a "holy moment of hope" that euro and democracy can live together, Greek Finance Minister Yanis Varoufakis said Sunday.

    ATHENS (Sputnik) — On Sunday, Greek voters are taking part in a referendum to determine whether Athens should accept the lenders-proposed bailout plan that envisages serious spending cuts and tax increases.

    "After five years of misfortunes and losses, Greek people now have an opportunity to decide on the last ultimatum by the Eurogroup and its partners. It is a holy moment… this moment gives Europe hope that the single currency and democracy can live together," Varoufakis told reporters after having voted in the referendum.

    Varoufakis repeatedly stated that he himself supports the "No" vote which, he believes, will help Greece secure a better deal in future negotiations with the lenders.

    EU officials, including Eurogroup President Jeroen Dijsselbloem, said that the "No" vote would be interpreted as a step toward the exit from the Eurozone.

    Financial crisis in Greece (197)


    IMF Head May Lose Post Due to Greek Crisis
    Greek President Pavlopoulos Calls on Citizens to Stay United After Voting
    'No' Vote at Greferendum Leading With Margin of 4-8% - Opinion Poll
    referendum, Greferendum, euro, Greek Bailout Referendum, Yanis Varoufakis, Greece
    Community standardsDiscussion