×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
16
Feb 2026
weather symbol
Athens 16°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

Robeson Reeves: Our plan is paying off, scale and size are an advantage

How the ring operated that opened and shut down restaurants and bars using “straw men” to evade VAT and social-security contributions—dismantled by the AADE

Contracts with Chevron–Helleniq Energy to be signed tomorrow: When seismic surveys begin

“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

Papastavrou: We are ushering in a new era of national confidence and determination, becoming a major energy exporter

February 16, 2026

Taxis tomorrow (17/2): Drivers’ strike in Attica through Thursday

February 16, 2026

American Hellenic Institute leadership attends 2026 leadership 100 conference

February 16, 2026

Nikos Plakias speaks to Protothema: The pressure, xylene, Karystianou, and the last photo of the girls from inside the train

February 16, 2026

Second wave of acquisitions in education: Foreign funds now investing in private schools across Greece’s regions

February 16, 2026

Adonis Georgiades filed a lawsuit against Zoe Konstantopoulou at Evelpidon

February 16, 2026

The Kremlin “categorically rejects” the finding on the murder of Navalny with poison

February 16, 2026

Britain too is considering banning social media use for children under 16

February 16, 2026
All News

> Lifestyle

Emma Stone in a little black dress from Julie de Libran’s runway — and Aquazzura sandals

Floral appliqués were a key motif of the designer’s Spring 2026 couture collection, although none had the dark, almost gothic mood of the one worn by Stone

February 11, 2026

Chris Hemsworth on his marriage proposal to Elsa Pataki: “There was a kind of ‘I don’t have anything better to do right now vibe’

February 11, 2026

Kimberly Guilfoyle will be the maid of honor for Konstantinos Argyros and Alexandra Nika: “It’s an honor and a blessing”

February 9, 2026

Elena Topalidou on working with Nicolas Cage: “When he saw me, he said I stood out

February 8, 2026

Gwyneth Paltrow to Gala: ‘When you have a dream, there is no Plan B

February 6, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα