Hours before the decisive deadline of Greece as Euro-Greece talks had broken down in the last few weeks. The proposal, however, has not yet received any EU feedback as of yet. Meanwhile, as the deadline looms, Greek banks have closed its banks to avoid the collapse of the Euro.
Meanwhile, EU countries have cast votes on whether Greece should remain in the Euro. However, Tsipras, resting the vote of yes or no for the EU bailout austerities on a Sunday referendum in Greece, has confined the EU to honour the Greek referendum.
Pro-EU groups have pushed for the new austerity measures. According to the Greek Chamber of Commerce, the country is “familiar” with the austerities that Greece can handle it rather than commit “national suicide.”
Tsipras said in a letter addressed to the Dutch Finance Minister Jeroen Dijsselbloem that Greece is fully committed to servicing its external debt but highlights that “securing the viability of the Greek economy, growth and social cohesion” is included.
It still remains unclear whether the Greek government will agree to the EU’s tough policies. However, EU countries have yet to show any indication that they would be flexible for Greece.