The last and strongest argument of Greek Prime Minister Alexis Tsipras to convince the Greeks to vote “no” in the referendum of Sunday (July 5) was quite convincing. “If you vote no,” he said in a televised message Friday, “Monday (July 6th, I will go to Brussels and in 48 hours I will come back with a signed deal. He also guaranteed bank deposits.
What will happen in practice if the Greeks vote “no,” is quite different. If the European Union accepts to seat with him and his SYRIZA government in the negotiations table (if), he will have the worse possible deal and will not have it before September.
The Europeans are determined not to leave space for Alexis Tsipras to claim victory. On the contrary, they want to punish in an exemplary manner him and Leftist Greek government, (not the Greeks), so to discourage other Europeans to vote for similar parties. This is the issue is definite.
Of course there is also a worse case scenario. In this case, Alexis Tsipras will come Monday morning (July 6) in Brussels, he will be welcomed and congratulated for his fresh victory (“no”), he will be offered a glass of cold mineral water and maybe coffee and then will be informed that the Eurogroup is already on summer vacation and will return on the mid of September. Finally, when he will ask about the financing of the Greek banks, they will smile to him and will tell him in a nice way, “do not worry, we will see that in September, as well.”