Should the agreement plan submitted by the European Commission, the European Central Bank and the International Monetary Fund to the Eurogroup of 25 June 2015, and comprised of two parts which make up their joint proposal, be accepted? The first document is titled "Reforms For The Completion Of The Current Program And Beyond" and the second "Preliminary Debt Sustainability Analysis."
Outcome
Tsipras government agrees to the bailout agreement with European authorities against the referendum results
Finance minister Yanis Varoufakis resigns
Results
Choice
Votes
%
Yes
2,245,537
38.69%
No
3,558,450
61.31%
Valid votes
5,803,987
94.20%
Invalid or blank votes
357,153
5.80%
Total votes
6,161,140
100.00%
Registered voters/turnout
9,858,508
62.5%
Results by regional units
>50–55% No
>55–60% No
>60–65% No
>65–70% No
>70–75% No
Official website
Official referendum announcements (in Greek)
The unified proposal (in Greek)
Voting ballot (in Greek)
Greek debt crisis
Greek economy
Tax evasion and corruption in Greece
Financial crisis of 2007–2008
European debt crisis
Financial audits, 2009–2010
Anti-austerity movement
Election articles:
2011 proposed economy referendum
May 2012 election
Government formation
June 2012 election
January 2015 election
Government formation
2015 Greek bailout referendum
September 2015 election
Greek government debt crisis articles:
Greek eurozone exit
Greek crisis timeline
Greek crisis countermeasures
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This article is part of a series about Alexis Tsipras
Political offices
President of Syriza (2008–2023) Opposition Leader (2012–15; 2019–2023) Prime Minister of Greece (2015; 2015–19)
Early political life
Genoa G8 summit Protests
2006 Athens Mayoral election
Leader of the Opposition
First term
First Shadow Cabinet
Thessaloniki Programme
2014–15 presidential election
Second term
Second Shadow Cabinet
2020 presidential election
COVID-19 pandemic in Greece
2021 Greek protests
Wiretapping Scandal
Prime Minister of Greece
First term
January 2015 legislative election
Government formation
First Tsipras cabinet
2014-2015 presidential election
Relaunch of ERT
2015 bailout referendum
Tenth austerity package
Eleventh austerity package
Third Memorandum
Second term
September 2015 legislative election
Second Tsipras cabinet
2015 European migrant crisis
Twelfth austerity package
Cohabitation Agreement
Thirteenth austerity package
Turkish military asylum incident
Prespa agreement
Kleisthenis I
2018 Attica wildfires
July 2019 election
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A referendum to decide whether Greece should 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.[1] 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%, with the "No" vote winning in all of Greece's regions. The referendum results also forced the immediate resignation of New Democracy leader Antonis Samaras as party president because of the perceived negative result of the "Yes" choice, to which the conservative party and Samaras had committed themselves.[2] Although winning the referendum, Finance Minister Yanis Varoufakis also resigned and was replaced on 6 July by Euclid Tsakalotos.
Despite the result of the referendum, the government of Tsipras reached an agreement on 13 July 2015 with the European authorities for a three-year-bailout with even harsher austerity conditions than the ones already rejected by voters. This represented a "drastic turnaround" for Prime Minister Tsipras' position,[3] as he had been elected in an anti-austerity platform. Former Finance Minister Yanis Varoufakis characterised the harshness of the deal as a new Treaty of Versailles and "Greece's Terms of Surrender".[4] In July and August, Tsipras was able to get the new austerity packages and the entire bailout agreement approved by the Parliament, but had to rely on the pro-European Union opposition parties as around 40 MPs of the major ruling party abstained or voted against the measures.[5][6] This triggered the September 2015 snap election, where Tsipras was re-elected, albeit with an historical low turnout. The second Tsipras government was marked by an intense austerity policy in the context of the third bailout to Greece.
Greece officially exited from the bailout programs in August 2018 (three years after the referendum) and the Tsipras government announced some social cohesion measures such as increases in pensions and aid packages for low-income groups.[7] The economy has also seen growth, albeit at a slow pace.[8] However, these developments have not diminished criticism levelled at the Syriza government for its U-turn and the huge economic and social cost of austerity policies it imposed.
^"Greece debt crisis: Tsipras announces bailout referendum". BBC News. 27 June 2015.
^"Greek conservative opposition chief Samaras resigns". Ekathimerini. 5 July 2015. Retrieved 5 July 2015.
^Cite error: The named reference wsj20150708 was invoked but never defined (see the help page).
^Brown, Stephen (15 July 2015). "Varoufakis calls Greek deal 'new Versailles'". Politico. Retrieved 25 September 2018.
^"Greek parliament approves bailout prior measures package". Reuters. 15 July 2015. Retrieved 25 September 2018.
^"As Greek Bailout Deal Passes, Alexis Tsipras Faces Rebellion". The New York Times. 14 August 2015. Retrieved 25 September 2018.
^Έξοδος από το μνημόνιο: Οι πρώτοι ωφελούμενοι
^ΕΛΣΤΑΤ: Ανοδος του ΑΕΠ κατά 2,2% το γ' τρίμηνο 2018
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