Sunday, 5 July 2015

Greek referendum: Greece votes No to bailout terms

Greeks have voted overwhelmingly to reject terms of a bailout, risking financial ruin in a show of defiance that could splinter Europe.

Greece’s prime minister Alexis Tsipras said in a press conference on Sunday night that his government was ready to return immediately to negotiations with creditors in a bid to get shuttered banks open again.
Mr Tsipras, who insisted the result would give him a stronger hand to reach a better deal, said the resounding No vote showed that “democracy won’t be blackmailed”. With 87 per cent of the votes counted, the No side had more than 60 per cent.

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