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How Tsipras reached his decision to call for a referendum, and the call for a "'no" vote that has damaged relations with the EU in June 2015

01/28/2013

During the last minute negotiations Tsipras veered from one side to the other. Initially he moved closer to Syriza party leaders who favored an accomodation with the IMF and EU, yet with each rejection of Greece's proposals he moved closer to the confrontational postiion of finance minister Varoufakis. The IMF and EU negotiators considered higher taxes on business in the Greek proposals hurting long term growth, and insisted on pension cuts. Greece's negotiating team was still negotiating over details when Tsipras called off talks and surprised European leaders with his call for a referendum. His announcement that Syriza would call for a no was badly received by EU leaders and Merkel, leading to a breakdown in trust. The inexperience of 40 year old Tsipras and the faculty professor Varoufakis's lack of experience with negotiations, may now have damaged relations between Greece and Germany. The reaction in Germany to this is that now a majority of Germans see Greece's exit from the eurozone as the best option, and the goodwill of leaders in France, Italy and Spain may have been lost.

Grouped Articles

How Alexis Tsipras’s Greek Referendum Call Came After Creditors Covered His Proposals in Red Ink

Wall Street Journal 06.29.2015

Greece Will Shut Banks in Fallout From Debt Crisis

New York Times 06.28.2015

Europe, Athens Battle for Greek Hearts and Minds Ahead of Referendum

Wall Street Journal 06.30.2015

With Loan Deadline Looming, Europe Offers Greece a Last-Minute Deal

New York Times 06.29.2015

Greece’s Future, and the Euro’s

New York Times 06.29.2015

Suicide Isn’t Painless

Wall Street Journal 07.02.2015

IMF Raises Referendum Stakes With Call for More Aid for Greece and Debt Relief

Wall Street Journal 07.03.2015

Collapse of Greek Bailout Deal Brings Surprise Boost to German Coffers

Wall Street Journal 07.04.2015

Bailout Referendum Lays Bare Deep Schisms Among Beleaguered Greeks

New York Times 07.04.2015

Greeks Reject Bailout Terms in Rebuff to European Leaders

New York Times 07.05.2015

“No“ to what?

Economist 07.04.2015

Merkel, Hollande Say Greece Needs Proposals for Brussels Meeting on Crisis

Wall Street Journal 07.06.2015

Greek ‘No’ May Have Its Roots in Heroic Myths and Real Resistance

New York Times 07.06.2015

Stephens: The Conscience of a Radical

Wall Street Journal 01.28.2013

Greek Debt Crisis: In Athens, Jubilation Gives Way to Dismay and Confusion

Wall Street Journal 07.13.2015

Hopeful Start to Greek Debt Negotiations Quickly Soured

New York Times 07.02.2015

Greek Referendum on Offer That Is Off the Table Baffles Voters

New York Times 07.02.2015

Greek Prime Minister Tsipras Faces Voter Anger - SPIEGEL ONLINE

SPIEGEL ONLINE 11.01.2016


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