Greeks Say ‘No’ to Troika Bailout Terms by Wide Margin

With over 99 percent of the votes counted, Greeks have clearly rejected the austerity reforms demanded by European lenders.

Streets in cities across Greece have erupted into celebrations as results from Sunday’s referendum showed voters clearly rejecting the bailout terms put forward by the country’s lenders.

The ‘No’ side is leading in the non-binding referendum by over 60 percent, and are ahead in every electoral district in the country. The margin in the results is much larger than projected.

Greek Referendum Results

pie chart 4a2greeks celebrate referendum victoryAlexis Tsipras votesMore than 10 million people were eligible to participate in the vote, which was called by Prime Minister Alexis Tsipras after bailout talks with European lenders failed. The Syriza government also responded by closing the banks and imposing capital controls after announcing it would not make the June 30 deadline for repayment to the IMF.

According to teleSUR correspondents, voter turnout was registered at 70 percent with polling stations closed at 19:00 (local time). In order for the referendum results to be valid, the voter turnout must reach 40 percent.

The referendum in Greece has taken place without any incidents, the Greek Interior Ministry said in a statement Sunday. “Until now, there have been no complaints or reports about the problems during the voting in the referendum,” the statement said.

“Today is a day of celebration because democracy is a cause to celebrate, to be joyful. And when democracy conquers fear and blackmail, then it also leads to redemption, and a way forward,” Tsipras said in a statement after casting his vote in Sunday’s Referendum.

greeks celebrate referendum victory 2

greeks celebrate referendum victory 3

"No" supporters hold a banner during celebrations in Athens, Greece July 5, 2015.  REUTERS/Dimitris Michalakis

“No” supporters hold a banner during celebrations in Athens, Greece July 5, 2015. REUTERS/Dimitris Michalakis

Leading up to the vote, Tsipras urged the people to vote “No”, saying it would strengthen his left-wing government’s position in talks with international creditors also known as the troika, comprised of the European Commission, the European Central Bank, and the International Monetary Fund.

“Many may try to ignore the will of a government. But no one can ignore the will of a people who are seeking to live with dignity, to live life on their own terms,” said Tsipras after casting his ballot Sunday. The left-wing leader and his Syriza government have been trying to keep their anti-austerity pledges that propelled them to victory in the country’s January general elections.

long live greek democracyDespite pushing a “Yes” on the bailout deal, European leaders acknowledged that the offer from European creditors may not be on the table following the Greek vote. The current crisis has sent shock waves through the world’s financial markets, which fear the repercussions of a ‘Grexit’ from the Euro.

Source:  Greeks Say ‘No’ to Troika Bailout Terms by Wide Margin  TeleSUR

2 thoughts on “Greeks Say ‘No’ to Troika Bailout Terms by Wide Margin

  1. Pingback: Greek people celebrate victory of democracy against austerity | Dear Kitty. Some blog

  2. I like the Greek people, they know exactly who are the hyenas who have taken all the wealth from their country and try to enslave them like they have done with the western world. Its time that all the people of the world open their eyes and see who has been responsible for so much misery, wars, revolutions, unrest, millions of refugees, hunger, starvation, massacres, genocides. etc… for their diabolical agenda. Those are the They control the world financial system and have sucked all the wealth of our nations.

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