Why the Greferendum Isn’t as Historic as You Think

TIME

Against the predictions of many opinion polls, the so-called Greferendum scored a surprisingly resounding victory for the Oxi — or No — campaign.

Some 60% of Greek voters chose “no” on one of the most incomprehensible referendum questions in history. The vote has been heralded and mourned across Europe, with both sides agreeing that it is a “historic” occasion in European (they mean European Union) history.

It is not.

How could it be? The Greferendum was designed to be vague and inconsequential. It was on an extremely narrow question, that is whether Greeks supported a highly specific proposal from the country’s creditors.

Moreover, by the time the referendum was held, the proposal was already off the table. It is therefore completely ridiculous to celebrate it as a vote against the eurozone, let alone the EU, as many far right politicians have done, and highly optimistic to…

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