Greece on the Brink

A Media Wrap Up


The country of Greece has been flirting with disaster for a quite a while.  Now, its leaders are declaring it is time to vote against the only apparent way to avoid default on its loan to the European Central Bank.  Alexis Tsipras, the country’s Prime Minister, is an avowed communist.  Many are wondering if the leaders are purposely trying to create the type of chaos that leads to a totalitarian regime.  This is how the media is covering the story this  morning: Greece Voters Oppose Leadership and Support  Referendum. 

Although Prime Minister Alexis Tsipras urged Greeks to not approve the creditor’s bailout agreement terms, the first polls in Greece find that most Greeks favor the deal even if it includes a new  memorandum.

In a poll conducted by Alco for the Greek newspaper ‘Proto Thema’, 57% of the participants said they would vote yes in the upcoming referendum, favoring a  deal.

Another poll conducted by Kapa Research for ‘To Vima’ found that 47% of the population will vote yes approving the agreement, while 33% will vote  ‘NO.’

According to the referendum, voters will be asked to respond to the following question:
“Greek people are hereby asked to decide whether they accept a draft agreement document submitted by the European Commission, the European Central Bank…. (read  more)

Reuters: EU Searches for Plan B when it comes to  Greece

Fox News: Greece wants Europe to Keep Paying its  Bills

A Greek finance official says the government expects the European Central Bank to continue approving emergency liquidity assistance that Greek banks can draw even after Tuesday, when Greece’s international bailout officially  expires.

The ECB was expected to meet Sunday to decide what action to take about Greece. The central is bank is under pressure to end that emergency  assistance.

A decision by Prime Minister Alexis Tsipras to call for a national referendum on creditor demands in exchange for bailout loans has thrown Greece’s negotiations with its international lenders into turmoil. In response, other nations in the 19-nation eurozone are refusing to extend Greece’s bailout program beyond its Tuesday expiration  date.

Alternate Greek Finance Minister Nadia Valavani told private Mega television on Sunday “we are expecting the funding… (read  more)

All opinions expressed on USDR are those of the author and not necessarily those of US Daily Review.