BREAKING NEWS
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| Early Returns Show Greeks Decisively Rejecting Terms of E.U. Bailout |
Sunday, July 5, 2015 2:38 PM EDT
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| Greek voters appeared to decisively reject a bailout deal offered by the country’s creditors two weeks ago, an outcome that could redefine the country’s place in Europe and shake the Continent’s financial stability. |
| As celebrants began to gather in Athens’s central Syntagma Square, the Interior Ministry projected that more than 60 percent of the voters had said no to a deal that would have imposed greater austerity measures on the beleaguered country. |
| With 40 percent of the vote in, the actual count tracked the projections, with 61 percent voting no and 39 percent yes, the Interior Ministry said. |
| The no vote would be a triumph for Prime Minister Alexis Tsipras, who had campaigned for that as a way to give him more bargaining power in negotiating a new deal. But it also raised the possibility that the creditors would walk away, leaving Greece facing default, financial collapse and expulsion from the eurozone — and even, in the worst case, from the European Union. |
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