It is worth pointing out that Syrizia didn't ask for a debt relief (reduction) in the last round of negotiations, upon which the referendum was based. They ask

It is worth pointing out that Syrizia didn't ask for a debt relief (reduction) in the last round of negotiations, upon which the referendum was based. They asked for a restructuring. The same amount of debt was to be owed but over a longer period of time and at a lower interest rate. The reasoning was quite simply that at the current rate and loan period, they are unable to take any advantage of the quantative easing currently being undertaken by the ECB. Varoufakis explains it quite nicely onnhis blog. The debt as it stands is unsustainable. Restructuring would help tremendously. They haven't asked for a reduction.