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A ‘take-it-or-leave it’ vote is a recipe for disaster for Greece

Hatzis, Aristides, (2015), “A ‘take-it-or-leave it’ vote is a recipe for disaster for Greece”, Financial Times, 28 Ιουνίου

Early Sunday morning the Greek parliament voted to hold a referendum that will be decisive for the country’s future. Supposedly this is going to be a vote on a “take-it-or-leave-it” proposal by Greece’s creditors — the EU, the European Central Bank and the International Monetary Fund.But in fact this is going to be a referendum about whether Greece remains in the eurozone, the EU or even the west.

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