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How did Greece get here?

Saturday, July 04, 2015 - 01:28

A preview of events leading up to the referendum that could decide Greece's future in the euro zone. Deborah Lutterbeck reports.

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A wave of euphoria in Greece when Alexis Tsipras became Prime Minister in January. At home he offered hope -- as he pledged to overturn five years of harsh austerity. Likewise in March, it was all smiles when Tsipras came to Berlin to meet German Chancellor Angela Merkel, Greece's largest creditor. Those signs of good will soon evaporated Cold turned to frost during meetings in Riga in April, with 'Game Theory' guru and finance minister Yanis Varoufakis, saying Athens had no intention of cooperating with its creditors. By June 27th, with no agreement Tsipras announced a referendum July 5th on the bailout conditions. He said Greece would not be humiliated. He then asked for an extension of its bailout program. It was not to be. The stage was set for default. Nikos Skoutaris of East Angelia University says the only guarantee after the vote is uncertainty. (SOUNDBITE) (English) CONSTITUTIONAL EXPERT AND LECTURER OF EU LAW AT EAST ANGLIA UNIVERSITY, NIKOS SKOUTARIS, SAYING: "So whether it's a 'Yes' vote or a 'No' vote, it's very difficult to see how this will play out on Monday." While polls give a slight edge to the Yes camp -- the vote is too close to call.

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How did Greece get here?

Saturday, July 04, 2015 - 01:28