Police leave has been cancelled and the army put on standby as the Greek authorities take steps to preserve order, writes The Times of London.
Security was increased at key locations including foreign embassies, utilities, and warehouses stocking goods that are in danger of running out, notably pharmaceuticals, Yiannis Panousis, the public order minister, said.
The country is approaching one of the most important votes in its modern history on Sunday — one that could redefine its place in Europe — yet many people acknowledge they barely have a clue as to what, exactly, they are voting on.
Erika Papamichalopoulou, 27, a resident of Athens, said “No one is saying what will happen to us if we say yes, or what will happen to us if we say no,” writes The New York Times.
Greece missed a debt payment to the International Monetary Fund, and without new financial aid it is likely to default on other debts this month. Most European nations are in no rush to help, and in fact seem content to watch the Greeks dangle for a bit. Greek banks have shut down, according to The New York Times.
Prime Minister Alexis Tsipras, who called for the referendum, has vacillated from bitter confrontation with the country’s creditors and conciliatory outreach. Even as he signaled on Wednesday that he would accept many of the demands made by the creditors, he pressed ahead with the referendum urging Greeks to reject the proposal containing those demands.
The proposal that Greeks are voting on is no longer on the table, writes The New York Times, and was made around the framework of a bailout package that expired at midnight on Tuesday.
Mr. Tsipras’s unexpected decision to call the referendum was the equivalent of a frustrated chess player trying to break open a stalemated match with a daring last-minute move that his opponent considered to be against the rules.
The Greeks and their creditors — the International Monetary Fund, the European Central Bank and the other 18 eurozone countries — had spent months making moves and countermoves in largely fruitless negotiations over a deal that would unlock frozen funds for Greece in exchange for pension cuts, fiscal reforms and other measures demanded by creditors.
According to the New York Times, Mr. Tsipras then appeared on television early Saturday morning and announced that he would hold a national referendum five days after the Tuesday deadline for the debt payment to the I.M.F. and the extension of its existing bailout.
He said creditors were demanding more of the same austerity policies he and his party blame for wrecking the Greek economy since 2010. He said that his government had no mandate to approve such a deal but that he would let voters decide.
Analysts agree that a “yes” vote would mean the end for Mr. Tsipras. His government would likely step down next week, and the Greek president – a largely ceremonial figure, though not in moments of collapsing government – would need to assemble a “unity” government from different parties.
According to The Times of London, there is currently a movement towards a “yes” vote in Greece.