The head of the Eurogroup: No answer "no" in a referendum may mean a way out of the eurozone for Greece

If Greece citizens at the referendum on July 5 vote against the proposals of international creditors, Greece, probably, will not be a place in the eurozone. This was stated by the head of the euro group Yerun Deisselblum, reports Reuters.

“The Greek government rejects everything, assuming that if you vote“ no ”, you will receive the best or less stringent conditions or a more“ friendly ”package of proposals. This assumption is simply wrong,” Deisselblum emphasized. He noted that the voting results will show whether the Greeks are ready to "make painful sacrifices necessary to stay in the eurozone."

If the Greeks reject the European lending conditions in this hastily organized referendum, it will be difficult for the parties to overcome the “fundamental disagreements,” said the head of the Euricroup.

This warning sounded after Greece Prime Minister Alexis Tsipras said that no “no” in a referendum will help to achieve the best conditions in negotiations with creditors. Greece Finance Minister Janis Varufakis said that he would resign if the country's people agreed to accept the claims of creditors in a referendum.

Meanwhile, Greek banks still do not work after Monday ECB froze their financing. Only a few departments are open, where pensioners can rent 120 euros per week. In ATMs, the Greeks can now remove a maximum of 60 euros per day.

On Sunday night, the Greek parliament approved the appointment of a referendum on July 5 on the question of whether the country should adopt or reject the agreement with international creditors on leaving the long crisis. Tsipras made the initiative of such a referendum on June 27 .

Greece has not fulfilled the next payment on the loan of the International Monetary Fund of 1.5 billion euros, the term of which has expired on Tuesday. Now the country will be able to receive funding from the IMF only after it pays off its debt.

Greece is the first developed country that could not repay the IMF loan and now officially has a delay in debt. There are concerns that in the end this can lead to default and exit of Greece from the eurozone.

On Wednesday, Tsipras said that Greece is ready to accept the proposals of international creditors, but with certain reservations . Athens are ready to support all the changes proposed by creditors in the VAT system, with the exception of one. Tsipras asks to maintain a special benefit for the islands - a thirty percent deduction from VAT. In addition, he asks to postpone until October the beginning of the program to increase the retirement age to 67 years by 2022. Tsipras also agreed with a decrease in pension allowances, but asks to do this gradually.