The Greek finance minister has accused Athens' creditors of "terrorism."


An crying elderly man is assisted by an employee and a policeman outside a national bank branch as pensioners queue to get their pensions, with a limit of 120 euros, in Thessaloniki on 3 July, 2015.

The Greek finance minister has accused Athens' creditors of "terrorism."

Yanis Varoufakis told the Spanish El Mundo newspaper that what the creditors are doing with Greece "has a name -- terrorism."


Varoufakis said, "What Brussels and the troika want today is for the 'yes' (vote) to win so they could humiliate the Greeks."

However, he said he was sure an agreement with the creditors would be reached because "failing to agree would be too costly for both sides. ... If Greece crashes, a trillion euros (the equivalent of Spain's Gross Domestic Product) will be lost. It's too much money and I don't believe Europe could allow it."

The interview was published Saturday, a day before the Greek referendum on the country's European bailout terms.

Consequences for Greece

Austria's Finance Minister Hans Joerg Schelling said in an interview posted Saturday in online newspaper Die Presse that Europe would hardly suffer if Greece left the eurozone, but Greece would feel consequences.

"For Europe, this would be easy to manage economically. For Greece, it would indeed be considerably more dramatic," Schelling said, adding fears of widespread poverty sweeping Greece were overstated.

He said Greece will have to negotiate a new aid program, no matter the outcome of the referendum.

​Greek Prime Minister Alexis Tsipras is urging voters to vote "no" on whether the country should accept the terms.

Tsipras said Friday a "no" vote would give Greece a chance to "live in dignity in Europe" and give Athens more bargaining power in negotiations with European creditors.

He addressed a rally of 25,000 people supporting a "no" vote in central Athens, with one poster reading, "On July 5, We Are Writing History / No Vote."

"I'm not going to cry, I'm not going to be afraid, I'm going to say no!"  Tsipras supporters chanted as they descended on Syntagma Square – the scene of anti-austerity riots in the past.

Rallies on referendum

As the rally got under way, police threw stun grenades and clashed with protesters before the situation quickly calmed down.

Greek police said two people were detained.

A rival rally of a similar size who want a "yes" vote was held less than a kilometer away outside Panathenaic Stadium.

Protesters there shouted pro-European slogans and voiced fears of a so-called "Grexit" from the eurozone if the referendum does not pass.

Friday was the last day of campaigning before Sunday's referendum.

Three recent polls of likely voters put the "yes" vote narrowly ahead.  Analysts say this could be partly because of fears sparked by this week's money controls that closed banks and drastically limited ATM withdrawals.

The poll of 1,000 people ((conducted by the ALCO company for the To Ethos newspaper)) June 30 and July 1 indicated 44.8 percent of respondents say they will vote "yes" while 43.4 percent will vote "no" and 11.8 percent are undecided.

Speaking to reporters Friday in Luxembourg, European Commission President Jean-Claude Juncker said that a "no" vote in Sunday’s referendum means that Greece’s position will be “dramatically weakened.”
The Greek finance minister has accused Athens' creditors of "terrorism." The Greek finance minister has accused Athens' creditors of "terrorism." Reviewed by Ajit Kumar on 8:23 PM Rating: 5

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