Tsipras, Europe Enter Game Of Chicken After Greek Referendum
Greek Prime Minister Alexis Tsipras hopes the no vote, along with European leaders' desire to keep Greece in the eurozone, will lead to debt relief.By Steven Sparkman | July 6, 2015
Greek Prime Minister Alexis Tsipras called the results of Sunday's historic referendum a victory of democracy over fear, with Greeks overwhelmingly rejecting the large spending cuts and tax increases demanded by the country's creditors. (Video via Voice of America)
But what exactly is his plan, and do EU leaders on the other side of the negotiating table have any more reason to make concessions now than they did last month?
Tsipras' Syriza party came to power with the promise of staying in the eurozone but renegotiating the terms of the bailout to allow for more growth and less fiscal pain.