A year since the Greek referendum on the third bailout deal with international lenders the Left-led government appeared confident that better days lay ahead, as just a few demonstrators of the "No" camp returned to the streets here on Tuesday.
On July 5, 2015, 61 percent of Greek voters rejected the creditors' proposal for a three-year deal. The result sent shockwaves across Europe as concern over an imminent default and Grexit skyrocketed.
However, within hours the Left-led government which had urged for the resounding "No" (Oxi in Greek), made a turnaround and used the outcome as "leverage" in negotiations with lenders on the terms of an agreement which was sealed a week later.
A year later the government continues the implementation of the painful new set of austerity and reform policies agreed in return of further vital rescue loans, pledging return to growth and better days soon, while just a few hardliners keep protesting....
[Xinhua -globaltimes.cn]
6/7/16
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On July 5, 2015, 61 percent of Greek voters rejected the creditors' proposal for a three-year deal. The result sent shockwaves across Europe as concern over an imminent default and Grexit skyrocketed.
However, within hours the Left-led government which had urged for the resounding "No" (Oxi in Greek), made a turnaround and used the outcome as "leverage" in negotiations with lenders on the terms of an agreement which was sealed a week later.
A year later the government continues the implementation of the painful new set of austerity and reform policies agreed in return of further vital rescue loans, pledging return to growth and better days soon, while just a few hardliners keep protesting....
[Xinhua -globaltimes.cn]
6/7/16
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