Greece’s creditors now gather to decide the country’s fate.
Public Domain
Syriza and the Greek people may have won a victory against austerity, but their fate is largely out of their hands.
Celebrations by No supporters on July 5 in front of Greek parliament in Athens.
EPA
The Greek rejection of the bailout means it’s time to brace ourselves: Grexit is now an 80% probability.
Syriza’s successful Oxi (No) campaign was a symbolic victory that will have little lasting impact.
Reuters
Heralded and mourned as historic, the so-called Greferendum was more about the survival of the Greek government and Syriza than anything else.
The No vote won it.
EPA/Armando Babani
5 juillet 2015
Costas Milas , University of Liverpool ; George Kyris , University of Birmingham ; James Arvanitakis , Western Sydney University ; Marianna Fotaki , Warwick Business School, University of Warwick ; Nikos Papastergiadis , The University of Melbourne ; Remy Davison , Monash University ; Richard Holden , UNSW Sydney ; Ross Buckley , UNSW Sydney et Sofia Vasilopoulou , University of York
Academic experts respond to the No vote in Greece’s referendum on whether or not to accept a bailout offer from their international creditors.
No campaign voters burn an EU flag.
EPA/Armando Babani
Greeks face a big dilemma in the July 5 referendum. It’s been badly organised, democratically questionable and there’s a great deal at stake.
Team no.
EPA/Orestis Panagiotou
The deadline for Greece’s latest payment has passed, so why is Syriza pushing ahead with a referendum?
Nationalist feeling is running high in Greece.
EPA/Armando Babani
The extreme right and extreme left have found themselves united against Europe.
The cry from the streets.
Denis Bocquet
Debt relief should not be a divisive bargaining tool. Better that it is a formal part of a structured approach to risks in a currency union.
Varoufakis on the offensive.
EU Council Eurozone
What EU law says (and doesn’t say) about countries leaving the eurozone.
What is the position of the “average Greek” in the coming referendum?
AAP/AP Image/NewZulu/Aggeliki Koronaiou
The Greeks are being asked to vote on whether they want further austerity measures. But the impact of the crisis is also being felt on Greek-Australian diaspora.
People queue to withdraw cash from Greek banks.
EPA/Alexandros Vlachos
With the ECB freezing the level of emergency liquidity assistance it is providing to Greek banks, the nightmare scenario for Greece is already beginning to unfold.
Alexis Tsipras has called a referendum of Greece’s bailout offer.
EPA/Simela Pantzartzi
Austerity has crippled the Greek economy and Greek society. To accept more is a decision that should be given to the Greek people.
Head to head.
EPA/Julien Warnand
What you need to know about the IMF and its approach to negotiations over a Greek bailout.
Signs of resistance.
EPA/Simela Pantzartzi
The Greek parliament’s Truth Commission on Public Debt has declared much of Greece’s €320 billion debt to be “odious” and illegal.
Blessed are the bean counters? New investment in Greece could drive development.
David Dennis
Investment for profit and development should lie at the heart of a solution for the imbalances in Greece and Europe.
Greece faces two difficult outcomes.
EPA/Yannis Kolesidis
Whether Greece reaches a new bailout agreement or not, the country is in for a rough ride.
Historically, governments that have chosen default have experienced a much higher risk of losing political office.
AAP/Simela Pantzartzi
A possible “Grexit” would be more likely to lower rather than raise the political incentives for other European governments to follow.
Too intransigent?
EPA/Simela Pantzartzi
Like Diogenes the Cynic, Greece’s Syriza government have been intransigent in negotiations with powers stronger than them.
Agreement: the outcome everyone is hoping for.
EPA/Bernd von Jutrczenka
In order for Greece to move forward, Tsipras’ government needs to take the opportunity being offered it and accept the political cost.
Greece still owe us this much.
EPA/Michael Kappeler
Much of the focus on Greece has been on how to deal with its debt. Yet the debt will not be tackled simply through cutting public spending.