(Faster than Cameron can say ‘In out’)

Greece Rejects Bailout Extension: Tsipras “Won’t Be Blackmailed”, Threatens Snap Elections

Tsipras To Announce Referendum – text of announcement to the Greek people

It appears as though Tsipras is set to turn the tables by threatening to effectively put euro membership to a popular vote.

GREECE’S TSIPRAS SAYS CREDITORS POSED ULTIMATUM TO GOVT

GREECE’S TSIPRAS SAYS CREDITORS PROPOSALS ARE AGAINST EU RULES

TSIPRAS SAYS CREDITORS AIM TO HUMILIATE GREEK PEOPLE

TSIPRAS SAYS WILL CALL REFERENDUM ON GREEK DEAL WITH CREDITORS

TSIPRAS GREEK REFERENDUM WILL BE HELD ON JULY 5

TSIPRAS SAYS HE NOTIFIED MERKEL, DRAGHI ON REFERENDUM PLAN

The issue of timescale is relevant – since the referendum would take place after the repayment deadline, requiring the ‘creditors’ to agree to a bailout extension – which isn’t happening. In which case there would be no need for a referendum.

Possible game-plays:-

For Tsipras it looks now as if the key question will rest on WHO gets blamed for a Grexident.

As we watch the drama unfold – awaiting the ‘final curtain’ on 30th June 2015 (although I suspect there will be encores), for those who want to understand HOW this all came about – the film Debtocracy may help. “Debtocracy” seeks the causes of the debt crisis and proposes solutions, hidden by the government and the dominant media.

It’s not just about Greece – this traces the social, economic and political factors globally – with an emphasis on Europe.