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The Greek referendum: a peculiar situation and an infamous act

A close adviser to Greece’s former Finance Minister, Yanis Varoufakis, gives an insider view of the government negotiations with the Eurogroup. Interview by acTVism Munich. Deutsch.

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Eurogroup president Dijsselbloem meets Greece's finance minister,Jan.'15.
Eurogroup president Dijsselbloem meets Greece's finance minister,Jan.'15.

Eurogroup president Dijsselbloem meets Greece's finance minister,Jan.'15. Demotix/ Angeliki Panagiotou. All rights reserved. Rees Jeannotte, acTVism Munich. (RJ): James Galbraith - thank you for joining us!

James Galbraith (JG): My pleasure

RJ: So Sunday, July 5, was a very big day in Europe and an extremely important one for Greece. The people of Greece voted overwhelmingly to reject the bailout terms set by ‘the institutions’. They voted ‘NO’ in a bid to end 5 years of painful austerity.Can you give us a quick synopsis of the lead-up to the referendum and your thoughts on these past 5 days since the referendum. There has been some major happenings with Yanis Varoufakis stepping back, Samaras stepping back and I think something that will be on a lot of peoples minds is: Why was the referendum necessary? Since it appears that they have accepted most of the austerity that Greece voted against.