Greek Opposition Leader Says Wages, Pensions At Risk In Referendum | Independent Newspapers Limited
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Greek Opposition Leader Says Wages, Pensions At Risk In Referendum

Posted: Jul 1, 2015 at 6:28 am   /   by   /   comments (0)

Greece’s conservative opposition warned on Tuesday that Sunday’s vote over international bailout terms would be a referendum over the country’s future in Europe, and that wages and pensions would be threatened if people were to reject the package.

“The question of the referendum is now ‘Yes’ or ‘No’ to the euro and Europe. That’s what all the leaders of Europe have indicated,” former Prime Minister Antonis Samaras, leader of the centre-right New Democracy party, said in a televised address.

“’No’ would mean that pensions and salaries in the public and private sector would not be paid,” he said.

Meanwhile, the Greek government has requested a new bailout deal from the eurozone, just hours before its bailout expires and it must repay €1.6bn (£1.1bn) to the International Monetary Fund (IMF).

Greece is asking for a new two-year €29.1bn aid deal from a bailout mechanism for eurozone countries.

Eurozone finance ministers discussed the Greek offer in a teleconference on Tuesday evening.

If it fails to repay the IMF loan, Greece risks leaving the euro.

The European Commission, which is one of Greece’s creditors, wants Athens to raise taxes and cut welfare spending.

Amid fears of a Greek default on its huge public debt of €323bn – and a possible exit from the euro – long queues of people are continuing to snake from many cash machines in Greece, where withdrawals are capped at just €60 a day.