Saturday 1 October 2016

OXI: Greece says emphatic No to EU bailout austerity

EU leaders call an emergency summit on crisis

Caroline Crawford Athens

Published 06/07/2015 | 02:30

Anti-austerity ‘No’ voters celebrate the results of the first exit polls in front of the Greek parliament in Syntagma Square in Athens last night
Anti-austerity ‘No’ voters celebrate the results of the first exit polls in front of the Greek parliament in Syntagma Square in Athens last night
No voters kiss as they celebrate the results of the first exit polls in front of the Greek parliament in Syntagma Square in Athens last night
No voters embrace as they celebrate the results of the first exit polls in front of the Greek parliament in Syntagma Square in Athens last night
A woman poses with her daughter as she prepares to cast her vote in Athens yesterday
A ballot box is emptied by a voting official at the closing of polling stations in Athens yesterday
Greek Prime Minister Alexis Tsipras casts his ballot at a polling station in Athens yesterday
Mr Tsipras’s wife Betty Baziana gets out of a car at the prime minister’s office
Greek Finance Minister Yanis Varoufakis arrives at a polling station with his father Giorgos.

Greeks voted overwhelmingly to reject the terms of a new bailout, putting the country's future in the EU on the line.

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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.

Irish Independent

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