OXI: Greece says emphatic No to EU bailout austerity
EU leaders call an emergency summit on crisis
Published 06/07/2015 | 02:30
Greeks voted overwhelmingly to reject the terms of a new bailout, putting the country's future in the EU on the line.
Defying warnings from across Europe that rejection of Troika conditions would put the country on the path to exit from the euro, the No was comfortably passed by 60pc to 40pc for Yes.
The emphatic victory for the No camp is viewed as a clear message that Greece won't accept repeated austerity.
The result leaves Greece in uncharted waters: risking financial and political isolation within the eurozone, and a banking collapse if creditors refuse further financial aid.
Greek prime minister Alexis Tsipras will now tell EU leaders he has a mandate to renegotiate bailout terms.
European Council President Donald Tusk has called an emergency summit of eurozone leaders for tomorrow after appeals by German Chancellor Angela Merkel and French President Francois Hollande.