×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
20
Mar 2026
weather symbol
Athens 9°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Prospect of new bailout talks, referendum cancellation cause furor within ruling SYRIZA

Another Eurogroup meeting on Wednesday -- Dragasakis: Cutting salaries, pensions even more not the means for exiting crisis

Newsroom June 30 10:38

The prospect of the Greek government canceling a hastily called referendum on creditors’ proposals has reportedly caused a firestorm of debate within the ruling SYRIZA party, and more importantly, within the Cabinet itself.

According to sources, intra-government friction was rife during the days after Alexis Tsipras’ decision to call for a referendum, a late-night surprise made during a nationally televised address.

Capital controls and a week-long bank holiday after the ECB declined to raise the ELA ceiling for liquidity towards Greek banks exacerbated the tension within the government.

Several high-ranking ministers, including Deputy PM Yannis Dragasakis, Economy Minister Giorgos Stathakis, Cabinet secretary Spyros Sayias and top negotiator Euclid Tsakalotos, the alternate FM, were increasingly vocal in opposing the referendum and attempting a re-launch negotiations with creditors.

Conversely, Minister of State Nikos Pappas and Tsipras’ close confidant and aide, Alekos Flabouraris, appear to insist on the referendum, with the consensus amongst the “hardline” portion of the party being that the plebiscite will proceed as scheduled. The same position was taken by controversial and outspoken Parliament President also emphasized, who claimed it could not be cancelled.

SYRIZA’s “internal opposition”, the virulent anti-capitalist “Left Platform”, is also thoroughly against any compromise with creditors or cancellation of the referendum.

Finally, FinMin Yanis Varoufakis has been quoted as saying that he won’t sign any new bailout agreement that is not viable, in his opinion.

Dragasakis

Earlier, Dragasakis, a well-regarded top economist in the SYRIZA government, said Athens submitted a request for a two-year funding scheme in order to try and borrow from the markets after the period and to jump-start growth.

Speaking a day before yet another urgently called Eurogroup meeting to focus squarely on the Greek issue, the LSE-educated Dragasakis reminded that the country is enduring its sixth year of austerity and recession.

>Related articles

Increase of 11.7% in cruise ship arrivals at Greek ports in 2025

First clouds from the Middle East war – Bank of Greece lowers growth forecast to 1.9% for 2026

ONEX-Hanwha Ocean strategic agreement for shipbuilding cooperation focusing on Greece

“We can’t talk about cutting salaries and pensions as means for exiting the crisis,” the veteran lawmaker stressed.

Even more telling, the Greek government deputy premier told Greek public television (ERT) on Tuesday evening that a solution between Athens and creditors must be found, “but not on the basis of submission or a blind clash (between the two sides)”.

Moreover, he said that the second bailout plan, which ended at midnight on Tuesday, had failed, with the signs on the wall apparent since last summer.

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Tzitzikostas: All actions to close the Strait of Hormuz must stop

March 20, 2026

“I think we’ve won the war,” says Trump, urging Europe and China to get involved with the Straits

March 20, 2026

Increase of 11.7% in cruise ship arrivals at Greek ports in 2025

March 20, 2026

MIT study: Every time you ask ChatGPT it’s like turning on a light bulb

March 20, 2026

Venezuelan oil Tycoon Wilmer Ruperti arrested

March 20, 2026

First clouds from the Middle East war – Bank of Greece lowers growth forecast to 1.9% for 2026

March 20, 2026

Kyriakos Mitsotakis: With the new collective agreement we are actively supporting the food service sector, up to 25% increase in the minimum wage – video

March 20, 2026

More than 300 forged paintings and over €200,000 in cash found in Giorgos Tsagkarakis’s gallery

March 20, 2026
All News

> Lifestyle

Chuck Norris: How the shy little Native American boy conquered Hollywood and why he was called the “poor man’s Sylvester Stallone”

The legendary actor who rose to the top with his war and police films has passed away at the age of 86 – His journey from school years to the army and from there to film sets

March 20, 2026

The happiest countries in the world for 2026: Steady leader, Greece’s ranking and a surprise in the Top 5 – See the Top 10

March 20, 2026

Nikki Glaser to host the Golden Globe Awards for a third year

March 12, 2026

Conan O’Brien’s “amazing baklava” joke about Greece and his comment on the Middle East

March 12, 2026

Klelia Andriolatou begins filming her first international movie: “I felt deeply moved”

March 11, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα