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What happens after the Greek vote

If YES wins, Tsipras could lose everything; if NO wins Tsipras could gain nothing. But, in the longer term, YES would prolong the agony of the country, while NO would show that some democracy is left in Europe.

By Mario Pianta
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A 'NO' demonstration in Athens. Demotix/Alexandros Michailidis. All rights reserved.In Greece, on Sunday evening, the referendum called by the government of Alexis Tsipras could deliver a success of the "yes" vote.

Finance Minister Yanis Varoufakis announced last Thursday that he would resign; he could not sign a memorandum - a revised version of the one on which negotiations broke last week - which would bring austerity back to the country and would not address debt restructuring.

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Creative Commons Attribution-NonCommercial 4.0