The Alternate Minister of International Economic Relations and main bailout negotiator Euclid Tsakalotos appeared on SKAI where he explained that the referendum was called in order to avoid snap elections.
Mr. Tsakalotos admitted that if the government were submit its agreement proposal in Parliament, it would not pass, which in turn would trigger elections within three weeks.
When asked whether there is a possibility of haircut of bank account deposits, Mr. Tsakalotos argued that would not occur and cited ECB chief Mario Draghi, who commented that the central bankers cannot solve Greece’s political problems.
Finally, Mr. Tsakalotos stated in his interview that it is possible to say when you have failed.
