Can referendum in Greece change history of the EU?

Can referendum in Greece change history of the EU?

 

Yesterday the Greek people made a historic decision for the whole of the European Union against the ultimatum of the creditors of the Greek economy. According to the last referendum in the country, 61% of voters were against the requirements of the foreign financial institutions. Greek Finance Minister Yanis Varoufakis, as he had promised earlier, decided to resign after the results of the referendum. Local banks, deprived of support from the European Central Bank, have been closed for one week. The country has already missed one of the IMF payments and it is at the risk of default and withdrawal from the eurozone.

What will happen to the European Union, the euro, Greece and other Russian projects in Greece? Experts Vladimir Olenchenko, Alexey Kokin, Alexander Gusev spoke to Vestnik Kavkaza about it. 

For example, the senior research officer of the Center for European Studies at Moscow State University of Foreign Affairs, Vladimir Olenchenko, sais that the actual state of things created by the referendum in Greece is not as critical as is made out by the international organizations that credited Athens.  

"The creditors are adding emotional tensity. It means that there is something irreparable, as the referendum supposedly closes all the ways to solve the problem. Indeed, the talks reached a deadlock at the end of June. There were the following problems: Tsipras’s government insisted on financing the debts in two ways: by means of reducing social items in the budget and partly by means of some additional taxes for businesses. But the creditors demanded to pay off and service the debts mainly by means of reducing the budget,’’ the expert recalled.

 

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