Summer of NO
The Greek Summer of NO. MedioSud.
A referendum to decide whether Greece was to accept the bailout conditions in the country's government-debt crisis proposed jointly by the European Commission (EC), the International Monetary Fund (IMF) and the European Central Bank (ECB) on 25 June 2015, took place on 5 July 2015.
The referendum was announced by Prime Minister Alexis Tsipras in the early morning of 27 June 2015, and ratified the following day by the Parliament and the President.
It was the first referendum to be held since the republic referendum of 1974, and the only one in modern Greek history not to concern the form of government.
As a result of the referendum, the bailout conditions were rejected by a majority of over 61% to 39% approving, with the "No" vote winning in all of Greece's regions.
Three days following the no vote of the referendum, the Athens government "formally asked for a three-year bailout from the eurozone’s rescue fund [on 8 July 2015] and pledged to start implementing some economic-policy overhauls" beginning by mid-July 2015. European finance leaders have scheduled a "crisis summit" on 12 July to consider the request.
On Monday, 13 July, the Syriza-led government of Greece accepted a bailout package that contains larger pension cuts and tax increases than the one rejected by Greek voters in the referendum.[Wikipedia]
