The president of the Movement of Democrats Socialists and former Prime Minister Giorgos Papandreou has proposed a referendum regarding a possible compromise with the country’s creditors.
Mr. Papandreou, who spoke to journalists on the sidelines of 2015 Estoril Conferences in Portugal, estimated that the Greek people would in favor of such an agreement, since he believes that the overwhelming majority of the Greek people want to stick with the euro, despite the hardships, as it considered a stable currency.
Furthermore, Mr. Papandreou claimed that German taxpayers would be reassured, if the Greek people voted positively to such a referendum. Regarding his own controversial referendum proposal, the former Prime Minister explained that German Chancellor Angela Merkel was not opposed to his proposal but avoided publicly support such a referendum.
The former Prime Minister also warned that the time available for coming to an agreement was quickly running out, warning that the government will not be able to pay wages and pensions at the end of May or June.
