GREECE REFERENDUM

That this House congratulates the Greek government on holding the referendum on 5 July 2015 to allow the people of Greece to have their democratic say on new bailout proposals; recognises the majority vote for No to the imposition of further austerity measures which have damaged the economy and caused widespread poverty; further congratulates the Greek people on taking a stand against attacks on the living standards of ordinary people; urges the Government to work with the EU Commission, the European Central Bank and the International Monetary Fund to respect the result of the referendum and to return immediately to meaningful negotiations with the Greek government on the terms of the bailout; and believes that an end to austerity measures and a European conference to reach a new agreement on the restructuring of Greek debt, including debt cancellation and a grace period without payments, are necessary.