Why we recommend a NO in the referendum - in 6 short bullet points
The future demands 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.
Plenary session of Greek Parliament for referendum vote, 27 June, 2015. Plenary session of Greek Parliament for referendum vote, 27 June, 2015. Demotix/ Dimities Karvountzis. All rights reserved.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.
