I kinda get the feeling that this referendum will backfire on Tsipras. He new very clearly that people naturally would got No for more austerity. But after another week lost - the tank is running empty and he is in the bad part of the town.
Germany, France press Greece to make credible proposals
France and Germany told Greece to come up with serious proposals in order to restart financial aid talks, raising pressure on Prime Minister Alexis Tsipras to compromise a day after his country voted overwhelmingly against more austerity. After a meeting in Paris, German Chancellor Angela Merkel and French President Francois Hollande said Athens must move quickly if it wants to secure a cash-for-reform deal with international creditors and avoid crashing out of the euro. ADVERTISING Raising the stakes on the Greek leader ahead of a euro-zone summit on Tuesday, the European Central Bank decided to keep a tight grip on ... (full story)