‘No,’ says Greece
Greece faced an uncharted future as its interior ministry predicted Sunday that more than 60 per cent of voters in a hastily called referendum had rejected creditors’ demands for more austerity in exchange for rescue loans.
Prime Minister Alexis Tsipras, who was gambling the future of his five-month-old left-wing government on the vote, insisted that a “no” vote would strengthen his hand to negotiate a better deal with creditors, while a “yes” result would mean capitulating to their harsh demands.
The opposition has accused Tsipras of jeopardizing the country’s membership in the 19nation club that uses the euro and said a “yes” vote was about keeping the common currency.
With about a quarter of the votes counted Sunday evening, the Interior Ministry issued an official projection that the “no” side would win handily.
The vote was held amid banking restrictions imposed last Monday to halt a bank run, with Greeks queuing up at ATMs across the country to withdraw a maximum 60 euros per day. Banks have been shut all week, and it is uncertain when they will reopen. Governing left-wing Syriza party Eurodeputy Dimitris Papadimoulis said that “Greek people are proving they want to remain in Europe” as equal members “and not as a debt colony.” The referendum was Greece’s first in 41 years.
Papadimoulis said the country should wait for the official and final results of Sunday’s referendum.
Supporters of the No vote react after the first results of the referendum at Syntagma square in Athens Sunday.