On Sunday, the Greek people voted on a referendum. They were asked if Greece should accept the Troika institutions’ draft for the continuation of the country’s second debt programme. The majority of Greeks answered “no”. It is now up to the Greek Government to interpret what the result will mean in practice. Greece’s second bailout programme has ended and cannot be continued.

The leaders of the euro zone countries and the Eurogroup will meet on Tuesday to assess the situation. The instruments and rules for the stabilisation of the euro zone remain unchanged.

The near future will be very difficult for Greece. No matter what happens next, the consolidation of the country’s economy will require extensive reforms.

However, the negotiations can only be resumed when the Greek Government is willing to cooperate and commit itself to measures to stabilise the country’s public economy and implement the structural reforms required for debt sustainability. The ball is now in Greece’s court.

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3 Comments
  1. Jouni Pulli
    06.07.2015 13.11

    It is necessary that we’ll be careful regarding our response to the Greek “No”. Especially we must respect the situation of all the other eurocountries as well.

    Reply
  2. Jouni Pulli
    07.07.2015 18.37

    Unfortunately, it might pretty soon become unavoidable to start making a deal about euroeconomics without Greek participation.

    It is not the responsibliy of eurocountries alone to repair the mistakes made in Greece, but the responsiblity of the world or in minimum of those who failed.

    The eurocountries must take care, primarily of themselves, at least of those who obey by the rules. This should be understood by the outsiders as well.

    Reply
  3. terttu kajanen
    11.06.2016 19.05

    KAIKKEA HYVÄÄ SINULLE STUBB! USKO TAI ÄLÄ TÄMÄ KÄÄNTYY SIUNAUKSEKSI SINULLE. ITSE EN OLE KOKOOMUKSEN EDUSTAJA, MUTTA SEURANNUT SINUN TOIMINTAA. OLET LIIAN COSMOPOLIITTINEN HENKILÖ SUOMEEN. SE KATEUS ON MEIDÄN KANSAN PERUSSAIRAUS. ÄLÄ OTA HENKILÖKOHTAISEKSI, ETEENPÄIN ELÄVÄN MIELI! tsemppiä tulevaan!

    Reply

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