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29 Jun 2015

Why the Eurogroup is wrong to reject referendum
Tom Elliott

The referendum on whether Greece should accept the Eurogroup's most recent proposal for extending the bailout package, to be held on Sunday 5th July, represents an opportunity to avert Grexit. The IMF and euro zone policy makers were wrong to dismiss it as too late and therefore irrelevant. A 'yes' vote on Sunday could substantially change the negotiating climate if it triggers fresh elections in Greece which deliver a genuinely reform-minded government. Read more

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