In a brief TV address to the nation – his third since announcing a hastily called referendum – Greek PM Alexis Tsipras cast the spotlight on an IMF report regarding Greece that was publicized on Friday. He said the report showed that a 30% haircut was necessary on Greek debt.

Moreover, he said Thursday’s report proved that the Greek debt was not viable. Despite the importance of the report, the Greek government was never briefed of this assessment this during the five months of talks with the IMF.

He urged a ‘no’ vote on Sunday, adding that saying ‘no’ to a solution that isn’t viable does not mean a ‘no’ to Europe. It means demanding a solution that’s realistic, said the radical leftist leader. “Either you give in to ultimatums or you opt for democracy!

“The Greek people can’t be bled dry any longer,” he said.