Was it only yesterday that everything changed? Again. A creature of habit, I staggered out of bed at 6.30 on Saturday morning, and checked the weather.
The sky was tinged the pink usual for this time of year, but there were a few clouds about. Unusual, and perhaps a warning, I thought later, although developments in this country seldom happen out of a clear sky. I ate my unvarying breakfast and then opened my laptop. As I always do. So far, so routine.
But then the bombshell that had been planted while most of Greece slept exploded: in the early hours of Saturday, Prime Minister Alexis Tsipras had announced a referendum for July 5. This move comes at the end of a series of failed negotiations with Europe, and as June 30 looms, this date being the deadline for Greece’s repayment of 1.5 billion euros to the International Monetary Fund.
The billion dollar question is as follows: The Greek people are hereby asked to decide whether they accept a draft agreement document submitted by the European Commission, the European Central Bank, and the International Monetary Fund at the Eurogroup meeting held on June 25, and which consists of 2 documents:
1. Reforms for the Completion of the Current Program and Beyond2. Preliminary Debt Sustainability Analysis.
Whether the average Spiro and Soula has much idea of what these documents contain and entail seems doubtful. I certainly haven’t. And there is not much time for them or me to learn. I imagine that, like me, Spiro and Soula listen to simplified explanations: NO will mean a return to the drachma or a conversion to a new drachma, while YES indicates that Greece will continue to be in the European fold, even if at present said fold seems to be inhabited by wolves. Grexit or not? seems to be the question.
Whatever the case, Spiro and Soula and I, and most ordinary people, are naturally concerned about the supply of ready cash. There has been what a friend calls a bank jog during the last couple of weeks, but it seems, predictably, to be speeding up into a run: there have been long queues at ATMs in Athens and Thessaloniki, and some machines have had EMPTY labels pasted on them. In the provinces, where I am fortunate to live, things remain calm. So far: although once again it is rumoured that banks will not open tomorrow, Monday. Other rumours