Almost a year ago to the day, a referendum to decide whether Greece would accept the Troika of lenders’ (European Commission, the International Monetary Fund, and the European Central Bank) austerity plan on 25 June 2015, took place on 5 July 2015.
The referendum was called by leftist Prime Minister Alexis Tsipras on 27 June 2015, and ratified the following day by the Parliament and the President.
Greeks, like the British citizens, came out in force and voted to reject the Troika’s austerity plan by a majority of over 61% to 39%, with the “OXI (No)” vote winning in all of Greece’s regions.
Unfortunately for Greek and EU citizens, Angela Merkel, Wolfgang Schäuble, Mario Draghi and Jeroen Dijsselbloem decided to stop Greece’s access to the European Central Bank and strangle the Greek economy into submission.
It worked and Tsipras went Brussels, tail between his leg and called uncle. He nullified the referendum results, agreed to the Troika’s austerity plan, and the rest is history. Greece is worse off today than a year ago, with no end to their 7 year recession in sight.
This meme being passed around the Greek speaking interwebs perfectly sums up how Greece, Germany, and Brussels view the historic Brexit vote.
Angela Merkel: BREXIT! In the end England said NO.
Wolfgang Schäuble: And the worst part is, they don’t have Tsipras to change it.
(Shout out to Kostas for finding the meme.)