×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
14
Aug 2026
weather symbol
Athens 29°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

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

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

New Euro banknotes: Maria Callas and Evros river represent Greece (see photos of all notes)

A new cycle of seismic surveys for hydrocarbons begins, with an “X-ray” from the Ionian Sea to Crete

Historic properties dating back to the 12th century are looking for new owners

“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

The dangerous “Polar Silk Road” in the Arctic bringing China & Russia closer: Moscow needs money & Beijing needs energy

August 14, 2026

Japan: At least six dead in unprecedented storms near Tokyo

August 14, 2026

865 acres acres burned, damage to homes & cars from the wildfire in Siviri – Continuous water drops to extinguish all remaining hotspots

August 14, 2026

Greek FM speaks with Iranian Foreign Minister – Freedom of navigation in the Strait of Hormuz at the center of discussions

August 14, 2026

Athens empties out: More than 43,600 passengers departing from Piraeus for the August 15 holiday – 194 ferry sailings through Sunday

August 14, 2026

New attack in the Strait of Hormuz: Two vessels belonging to Abu Dhabi’s state-owned oil company targeted

August 14, 2026

Fidan in Egypt: Attack on the Greece-Cyprus-Israel trilateral partnership – Ankara’s plan for Mecca

August 14, 2026

Meltemi winds intensify for 48 hours: Sailing ban from Rafina and Lavrio, routes canceled from Piraeus, very high wildfire risk

August 14, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα