Anyone know what a “yes” vote means, as opposed to a “no” vote?
A “Yes” vote means they will accept the conditions that the European banks put on any further loans or repayment plans, including enforceable austerity.
A “No” vote means that they want to keep their bloated government, unsustainable pension plans, and tell the banks that they will never see a penny of their money back if they loan the Greeks more.
No means they don’t want to pay their debts. Yes means they compromise with their debt holders.
EU leaders basically said “no” will mean Greece gets kicked out.
They almost have to now. What do you do with a country that refuses to pay it’s debts but still expects a free ride via the EU?
Plus, there’s other indebted countries on the sidelines watching, just waiting to get a free ride like Greece on skipping obligations.
EU almost has to make Greece an example.
“Should the agreement plan submitted by the European Commission, the European Central Bank and the International Monetary Fund to the Eurogroup of 25 June, 2015, and comprised of two parts which make up their joint proposal, be accepted? The first document is titled “reforms for the completion of the current programme and beyond” and the second “Preliminary debt sustainability analysis”.
The answer to your question, as can be seen from the various replies, is "No, no one knows what a 'yes' vote means, as opposed to a 'no' vote?"
The referendum has no real legal force, it is merely a show of national sentiment. The Greeks are hosed either way. They appear to have chosen to have burned down the house rather than submit to an orderly bankruptcy. Whether or not they acknowledge it, they do have a lot to lose.
But I don’t think the austerity measures offer is still on the table, so this is just a symbolic vote.
So it’s basically just the Greeks thumbing their noses at the EU or saying, “Can’t we talk?”.
It was all political drama for the benefit of the troika.
“Yes” means they remain under the thumb of Brussels (aka Germany). “No” means they have an opportunity to follow the lead of Iceland and regain their sovereignty.