A man walks past antiEU graffiti in Athens Getty Images

A man walks past anti-EU graffiti in Athens.

Greece After the 'No' Vote: A Timeline

On Sunday, Greeks voted no to a European bailout to its debt crisis, and the austerity measures that went with it. Here's what has transpired in the hours following the vote.

ATHENS—Leaders from Greece and other eurozone countries are looking to see if there is a way to resolve the struggling country's ongoing debt crisis, following a resounding rejection by Greeks of the latest bailout conditions.

Here is a timeline of the situation since the referendum results came in, as Greece and its 18 other eurozone partners seek a solution to a situation once thought of as unimaginable.

Sunday, July 5

- Greeks reject the terms of a bailout proposition with 61.31%  voting "No," providing solid domestic support for Prime Minister Alexis Tsipras.

- Tsipras tells Greeks the vote "is not an mandate of rupture with Europe, but a mandate that bolsters our negotiating strength to achieve a viable deal." 

The Greek premier tells creditors: "This time, the debt will be on the negotiating table."

- German Economy Minister Sigmar Gabriel says Tsipras has "torn down the bridges" between Greece and Europe, while Slovakia's Finance Minister Peter Kazimir estimates that the prospect of a country leaving the eurozone now "seems like a realistic scenario."

- German Chancellor Angela Merkel and French President Francois Hollande call an emergency eurozone summit for Tuesday and emphasize that the Greeks' decision must "be respected."

Monday, July 6: 

- Yanis Varoufakis says he is resigning as Greek finance minister to pave the way for talks with eurozone creditors. "I was made aware of a certain preference by some Eurogroup participants, and assorted 'partners,' for my... 'absence' from its meetings," he says in a blog, suggesting that Tsipras asked him to step down. 

- Greek deputy foreign minister Euclid Tsakalotos, who has led talks with EU-IMF creditors, is named as the new finance minister.

- A spokesman for Merkel said "there is no basis to enter into negotiations on a new aid program," and Eurogroup chief Jeroen Dijsselbloem said the referendum results bring Europe "no closer to a solution."

- Greece's banks are to remain closed through Wednesday, the Greek state news agency says.

- Greece's main political parties jointly call for an agreement with EU-IMF creditors, the president's office says.

- The European Central Bank holds a telephone conference call of governors. The ECB, which does not confirm the meeting, holds the key to a short-term easing of market tension via its ability to provide cash to depleted Greek banks.

- International Monetary Fund chief Christine Lagarde says the global lender stood "ready to assist Greece if requested to do so."

- Gabriel says a meeting of eurozone finance ministers (Eurogroup) on Tuesday will likely consider the need for humanitarian aid for Greece.

- Merkel and Hollande meet in Paris to agree a joint position by the eurozone's two biggest economies.

- Russian President Vladimir Putin tells Tsipras he supports Greeks in overcoming their "difficulties" and hopes Greece will "reach the necessary compromise with creditors as soon as possible."

Copyright Agence France-Presse, 2015.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish