Tuesday, July 7, 2015

Did Greece Vote "NO" on its Future?


Have the Greeks just manipulated democracy to commit suicide - or to kill the Euro currency, destroy a united Europe, and undermine America's economy as well? On Sunday, July 5, Greeks voted "no" by roughly 61 percent in a national referendum to, as the New York Times put it, "reject bailout terms in rebuff to European leaders." In fact, European leaders had said that their offer to rescue a Greece drowning in debt would automatically end at midnight on June 30 if Greece failed to make a required debt payment. The ruling radical leftist Syriza Party called for this strange vote on a European bailout offer that had already been withdrawn five days earlier. By voting "no," Greeks could have been voting either "yes" or "no" to accept a conditional European bailout. And to further tilt the outcome, Syriza violated the traditional ballot order in yes-no votes by making its preferred "no" the first, not customary second, box to check on Sunday's ballot. [more...]

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