Greens welcome Oxi Greek referendum result

Greens have welcomed the outcome of the Greek referendum, which has shown around two thirds of voters have said ‘No’ to European Union and International Monetary Fund bailout proposals for more austerity in exchange for rescue loans.

Caroline Lucas MP said:

“The Greek people have made a decision which must now be respected. This referendum has seen EU states do their very best to undermine the democratic will of the Greek people but it’s time to draw a line under the past and move onwards.

“History shows us that countries can escape crippling debt in a just way. In 1953, at London Conference, Greece was among the European nations signing a deal which allowed for the cancellation of German debt, to enable the country to grow again after the destruction of the Second World War. Europe needs to come together to offer the Greeks a deal which allows their country to be rebuilt.”

Molly Scott Cato, Green MEP for the South West, said:

“This referendum has provided an opportunity for all EU states to reflect on the balance of power between finance markets and democratic governments. We now need to see an urgent conference to address the issue of Greece’s debt with restructuring and debt relief a clear outcome. There also needs to be clear support for rebuilding the economy, especially by investing in sustainable sectors of the economy.”

For further information see: Greek crisis reveals Eurozone as ‘neoliberal disciplining device’ says economist MEP