In this post, Pavlos Eleftheriadis, Associate Professor of Law and a Fellow of Mansfield College at the University of Oxford and a spokesman on EU affairs for the Greek political party ‘To Potami’, argues that a vote in the Greek referendum on Sunday will be a choice for or against Europe.
The Greek referendum is a choice for or against Europe, for the drachma or the Euro, a choice between isolation or engagement with Europe. It is also a vote of confidence, or not, for the new government.
A ‘no’ vote, which the government of Syriza and the Independent Greeks propose, will begin a process of gradual disengagement from the Eurozone and possibly from the EU. A ‘yes’ vote, on the other hand, will be a spectacular defeat for the government, which only a few weeks ago had an approval rating of 60 or 70 per cent. It will also be a powerful statement of intent of the Greek people for staying the course of painful reform, which began in 2010 and has seen the largest fiscal consolidation in history and a drop of 25 per cent in GDP.