Either the Tsipras government is out of Greece or Greece is out of the euro: this is in summary Greece's dramatic dilemma in view of the popular referendum on the European plan on Sunday 5 July.
In a public interview, the Greek premier Alexis Tsipras yesterday reiterated his no to the measures of the European institutions to continue aid to Athens and added that, if the Yes to Europe were to prevail in Sunday's referendum, he is ready to resign and step aside because his government is unwilling to carry out austerity.
If instead the No to Europe, openly supported by Tsipras and his government, were to prevail, the prime minister speculated that Greece could end up outside the euro, even if minister Varoufakis imagined an appeal to the European High Court of Justice against the community institutions.
Basically, the Greek situation is becoming more dramatic by the hour and the closure of the Stock Exchange and of the banks as well as the long queues in front of the ATMs are the plastic representation of it.
In the meantime, today Greece will not pay the 1,6 billion euro installment to the International Monetary Fund which will consider it late in payments and will start the insolvency proceedings which will last about twenty days: afterwards, in the absence of news, the default will which has never happened in the history of the Eurozone and which is not equivalent to leaving the euro but is its antechamber, even if Europe will try in every way to keep Athens linked to the single currency.
