iGlinavos: The IMF that is the target of Tsipras ire, is the only section of the Troika that consistently argued in favour of debt-reduction. It is Syriza that chose to offer an adjustment package that destroys any hope of recovery, a package moreover that needs such steep adjustment due to the 6 months of neglect of the real economy by Prof. Varoufakis.
Varoufakis: 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.
iGlinavos: Yes, the debt needs to be restructured, but defaulting and bankrupting the country seems unrelated to achieving that goal.
Varoufakis: The Eurogroup had previously (November 2012) conceded that the debt ought to be restructured but is refusing to commit to a debt restructure.
iGlinavos: The reason for the refusal is the total lack of trust due to Varoufakis and Tsipras deceitful and incompetent negotiating technique. A sensible set of measures implementing the 20 February agreement would have avoided the current liquidity problem and banking collapse, plus it would have allowed by now a structured discussion on debt relief.
Varoufakis: 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.
iGlinavos: Continuing to call the set of documents that form the basis of this farcical referendum ‘final offer’ is deceitful and blatantly wrong. It was a negotiation in process. The referendum itself prevents a proper discussion on debt relief.
Varoufakis: Greece will stay in the euro. Deposits in Greece’s banks are safe. Creditors have chosen the strategy of blackmail based on bank closures. The current impasse is due to this choice by the creditors and not by the Greek government discontinuing the negotiations or any Greek thoughts of Grexit and devaluation. Greece’s place in the Eurozone and in the European Union is non-negotiable.
iGlinavos: Prof. Varoufakis is lying to you. Greece will not stay in the Euro if the vote is NO. The banking collapse that will follow will necessitate the issuance of IOUs that will fundamentally undermine the country’s position in the Euro. The bank closures were the fault of Mr Tsipras who caused a bank run with his referendum announcement on Friday evening. For Varoufakis, the country’s place in the EU is non-negotiable, yet leaving the EU is the only way to leave the Euro which Varoufakis himself will need to ask for in order to recapitalise the banking system.
Varoufakis: The future demands a proud Greece within the Eurozone and at the heart of Europe. This future demands that Greeks say a big NO on Sunday, that we stay in the Euro Area, and 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.
iGlinavos: Voting NO ensures that the banks will not reopen with the Euro as their currency. Ensures that wages and pensions will be paid with IOUs or useless Drachmas. Voting NO will risk Greece leaving the Union. Voting NO risks everything every Greek since 1974 has worked for.
DO NOT THROW AWAY THE FUTURE OF OUR CHILDREN VOTE YES ON SUNDAY.