The Greek Referendum: An Alternative Approach

7 Pages Posted: 14 Jul 2015

See all articles by Emmanouil Mavrozacharakis

Emmanouil Mavrozacharakis

University of Crete - Centre for Human Rights (KEADIK), Students

Stylianos Tzagkarakis

University of Crete - Centre for Human Rights (KEADIK)

Date Written: July 12, 2015

Abstract

Admittedly, the balance of power within the European institutions, especially those related to financial stability and economic policy, is controlled by Germany. The German Federal Republic as the "main creditor" controls the Eurogroup, the Euro Working Group and has privileged relations with the International Monetary Fund (IMF) and the European Central Bank (ECB). Due to this fact, Wolfgang Schäuble as the exponent of the hard German economic strategy has a leading role within the European decision-making institutions. France, Italy and other countries are unsuccessfully trying to counteract and mitigate the German influence, as shown by the Greek issue.

This framework is tightly connected with the negotiating ability of any country that inconsistently attempts to reverse the status quo, modify the rules or change the terms of an agreement. The Greek government of Alexis Tsipras sufficiently experienced this suffocating experience and announced a referendum as an attempt to open the field of negotiations.

Keywords: Greece, crisis, referendum, populism, Europe, Eurozone

Suggested Citation

Mavrozacharakis, Emmanouil and Tzagkarakis, Stylianos, The Greek Referendum: An Alternative Approach (July 12, 2015). Available at SSRN: https://ssrn.com/abstract=2629769 or http://dx.doi.org/10.2139/ssrn.2629769

Emmanouil Mavrozacharakis (Contact Author)

University of Crete - Centre for Human Rights (KEADIK), Students ( email )

Crete
Greece

Stylianos Tzagkarakis

University of Crete - Centre for Human Rights (KEADIK) ( email )

Crete
Greece

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