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Friday, July 3, 2015

Greece scrambles to run referendum it cannot afford as polls on knife edge

Syriza administration estimates vote on country’s future in Europe will cost €20m while opposition puts it nearer €120m, as polls say 44.8% yes, 43.4% noIts banks closed and being drained steadily of cash, its economic and political crises worsening by the day, Greece is scrambling to organise a referendum on Sunday that it can ill afford.The leftist Syriza-led government of Alexis Tsipras says the cost of distributing ballot papers and paying monitors will be around €20m (£14m), but the conservative opposition – citing finance ministry data – puts the final cost at closer to €120m. Continue reading...


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