Greek PM Tsipras confirms referendum and calls to vote ‘NO’

FXStreet (Córdoba) - Greece’s prime minister Alexis Tsipras addressed the nation in a televised speech. He confirmed that Sunday’s referendum is still on and urged people to vote ‘NO’.

Main remarks:

*Tsipras insisted Sunday’s referendum is not about whether to stay in the euro or not.

*Tsipras explained a popular mandate gives him more strength in negotiations.

*The PM insists that creditors put “better offers” on the table once the referendum was announced.

*A ‘no’ vote is necessary for a better outcome with creditors.

*Greece is still at the negotiating table, and if the Eurogroup meeting today delivers a positive message then they will move forward immediately.

*Difficulties are only temporary we have no intention of leading Greece out of Euro area.

Meanwhile, Tsipras added via Twitter: “Come Monday, the Greek government will be at the negotiating table after the #referendum, w/better terms for the Greek people. #dimopsifisma” @tsipras_eu

EUR/JPY back to 136.30, Greek referendum still on

EUR/JPY climbed to 137.40 earlier amid reports suggesting that Greece would accept the terms for a new bailout but then pulled back toward the 136.00 handle. The pair dropped to 136.15 and remains near American session lows after Tsipras addressed the nation on live TV.
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