×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Thursday
22
Jan 2026
weather symbol
Athens 14°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

Mytilineos-Tsakos ‘ big deal in storage projects in Central Greece

Papathanasis: Regional Development Programs approved for Thessaly, Epirus and the South Aegean

Von der Leyen in Davos: the signing of a mammoth trade agreement with India is just around the corner

“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

Edi Rama’s hugs with Ivanka Trump in Albania in the shadow of Jared Kushner’s $1 billion tourism mega-project

January 22, 2026

Farah Diba Pahlavi, the story of Iran’s first and last “empress”

January 22, 2026

Opposition sees a “Tea Party” agenda behind Karystianou: Conservative audience, denunciatory politics

January 22, 2026

The critical hour of United Europe and our own “turning away” from Trump’s Davos, PASOK’s pointless infighting, bank profits and National Insurance

January 22, 2026

Second day of severe weather today: Which areas will be affected, thunderstorms in Attica from the afternoon

January 22, 2026

Mitsotakis in Brussels for the informal European Council, not going to Davos

January 22, 2026

What the “framework agreement” announced by Trump for Greenland means: Security, minerals, and the Golden Dome

January 22, 2026

Trump without pretense in Davos: The harsh message to Europe and the glimmer of de-escalation over Greenland

January 22, 2026
All News

> Politics

Opposition sees a “Tea Party” agenda behind Karystianou: Conservative audience, denunciatory politics

For Karystianou’s party, the goal is the overlapping voter pools it shares with a yet-to-be-established party of Tsipras

January 22, 2026

Mitsotakis in Brussels for the informal European Council, not going to Davos

January 22, 2026

Pulse poll: ND leads by 16.5 points, the 2nd largest margin since 2016, with left and center-left losing ground — Karystianou, Tsipras

January 21, 2026

Tsiaras: Bipartisan dialogue necessary for the development of a national agricultural strategy

January 21, 2026

Mitsotakis may travel to Davos tomorrow due to weather conditions – No European leader signs on to Trump’s Peace Council

January 21, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα