EU warns of Armageddon if Greek voters reject terms
“Without new money, salaries won’t be paid, the health system will stop functioning, the power network and public transport will break down,” warns President of European Parliament
By Ambrose Evans-Pritchard
TelegraphUK
04 Jul 2015
Greece risks a collapse of the medical system, power black-outs, and an import blockade, if the Greek people reject creditor demands in a make-or-break referendum tomorrow, the EU’s highest elected official has warned.
Martin Schulz, the president of the European Parliament, said the EU authorities may have to prepare emergency loans to keep basic public services functioning and to prevent the debt-stricken country spinning out of control next week.
“Without new money, salaries won’t be paid, the health system will stop functioning, the power network and public transport will break down, and they won’t be able to import vital goods because nobody can pay,” he said.
Mr Schulz earlier called for the elected Syriza government to be replaced by “technocrat” rule until stability is restored.
The alarmist warnings are part of an escalating pressure campaign by European leaders as Greeks decide their destiny in what has become – despite attempts by Syriza to present it otherwise – an in-out vote on euro membership after five years of economic depression and mass unemployment.
Yanis Varoufakis, the Greek finance minister, said his country is on “war-footing” and accused the eurozone of trying to terrify Greek voters into submission.
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