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Greece: Tsipras and Varoufakis drop by midnight 'OXI' rally00:48

Greece: Tsipras and Varoufakis drop by midnight 'OXI' rally

Greece, Athens
July 3, 2015 at 18:51 GMT +00:00 · Published

Greek Prime Minister Alexis Tsipras and the country's Finance Minister Yanis Varoufakis spoke to crowds at a late-night 'NO' rally, in which thousands of people flooded Syntagma Square outside parliament in Athens, Friday. The demonstration comes ahead of the upcoming bailout referendum which will take place on Sunday.

Just a 1.2 kilometre (0.75 miles) walk away from Syntagma Square at the Panathenaic Stadium, thousands of people rallied under the slogan ‘Yes to the euro - we live in Europe’ are holding a demonstration to encourage people to vote ‘yes’. The proximity of the rival rallies has sparked fears of clashes between the two groups.

The rally comes as the Greek people are set to hold a referendum on July 5 to decide whether to accept the austerity measures requested by the so-called "troika" (IMF, ECB, EC). The Greek government closed the country's banks on Monday, as well as imposing limits on cash withdrawals until July 6. A 'No' vote by the Greek people would reject new austerity measures that are demanded by Greece's creditors, while a 'Yes' would accept the institutions' conditions for a new Greek bailout package.

Greece: Tsipras and Varoufakis drop by midnight 'OXI' rally00:48
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Greek Prime Minister Alexis Tsipras and the country's Finance Minister Yanis Varoufakis spoke to crowds at a late-night 'NO' rally, in which thousands of people flooded Syntagma Square outside parliament in Athens, Friday. The demonstration comes ahead of the upcoming bailout referendum which will take place on Sunday.

Just a 1.2 kilometre (0.75 miles) walk away from Syntagma Square at the Panathenaic Stadium, thousands of people rallied under the slogan ‘Yes to the euro - we live in Europe’ are holding a demonstration to encourage people to vote ‘yes’. The proximity of the rival rallies has sparked fears of clashes between the two groups.

The rally comes as the Greek people are set to hold a referendum on July 5 to decide whether to accept the austerity measures requested by the so-called "troika" (IMF, ECB, EC). The Greek government closed the country's banks on Monday, as well as imposing limits on cash withdrawals until July 6. A 'No' vote by the Greek people would reject new austerity measures that are demanded by Greece's creditors, while a 'Yes' would accept the institutions' conditions for a new Greek bailout package.