[D66] Varoufakis recommends NO in 6 short bullet points

[J.N.]

Varoufakis

Why we recommend a NO in the referendum – in 6 short bullet points

Posted on July 1, 2015
<http://yanisvaroufakis.eu/2015/07/01/why-we-recommend-a-no-in-the-referendum-in-6-short-bullet-points/>
by yanisv <http://yanisvaroufakis.eu/author/yanisv/>

 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.

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