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Post-EU summit Takeaways: ‘Grexit’ is the word on everyone’s lips

June 30, 2015 - EU Institutions

Janis A. Emmanouilidis – the European Policy Centre’s leading expert on EU politics – joins Lénaïc Vaudin d’Imécourt for post-summit analysis, following the European Council meeting on 25-26 June.

On Saturday 27 June, Greek Prime minister Alexis Tsipras took the decision to submit bailout proposals by its creditors to a referendum vote. Whether it yields a ‘Yes’ or ‘No’ vote, the referendum will have catastrophic consequences for both sides, warns Emmanouilidis: it is a risky gamble that could cause irrevocable economic, political and geopolitical damage. He says: European leaders, aware of the cost of a potential Grexit, might still be prepared to compromise. He also touches on controversial measures to redistribute 40 000 asylum seekers across 23 member states.

The EPC’s latest publication on the June 2015 European Council is available here.

The European Policy Centre (EPC) is a Brussels-based independent think-tank focusing on European integration and provides high-quality analysis on the EU policy agenda. The EPC has a strong multi-constituency approach and has a wide range of private companies, business federations, trade unions, public institutions as well as NGOs as its members.

Janis A. Emmanouilidis has worked for the EPC since 2009 as a senior policy analyst and was recently promoted as EPC’s Director of Studies. His publications cover the EU’s overall political and institutional development, the sovereign debt crisis, EU integration, the EU’s foreign policy as well as EU enlargement. Emmanouilidis is also active as an advisor of various governments, EU institutions, European parties and NGOs.

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