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    A man casts his vote at a polling station in the northern Greek port city of Thessaloniki, Sunday, July 5, 2015

    #Greferendum: Greeks Voting on Austerity Terms Proposed by Int'l Creditors

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    The polling for a referendum on whether to accept or reject international creditors’ cash-for-reforms proposal closed in Greese at 7 p.m. local time (4 p.m. GMT).

    Polls opened in Greece on Sunday for a referendum on which Greek public to vote for or against the international creditors' demands for spending cuts and tax hikes in exchange for financial support.

    The crucial referendum comes after the country failed to unlock financial assistance from its creditors on Tuesday that made a $1.7-billion loan repayment to the International Monetary Fund (IMF) impossible.

    The troika of international creditors — the European Central Bank (ECB), the European Commission and the IMF proposed a set of austerity terms on June 25. Prime Minister Alexis Tsipras announced a referendum on June 27, and a day later his idea was endorsed by the parliament and the president.

    Approximately 10 million Greek citizens aged 18 and over will cast their votes until 7:00 p. m. local time (16:00 GMT) with results expected from 18:00 GMT.

    A "No" vote may force Greece to leave the Eurozone and the EU and even trigger a domino effect in the bloc, some experts say. A "Yes" vote is likely to make the ruling government resign.

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    • 19:31

      From 49.5 to 54.5 percent of Greek voters said "No" to the bailout proposals of the creditors

      From 49.5 to 54.5 percent of voters in Greece said "No" to the bailout proposals tabled by the country's international creditors, while from 45.5 to 50.5 percent voted in favor of the deal, the results of four opinion polls showed Sunday, ERT TV channel reported.

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    • 19:09

      No incidents reported at the Greferendum, the country's Interior Ministry said

      "Until now, there have been no complaints or reports about the problems during the voting in the referendum," the Greek Interior Ministry said in a statement.

      Cast ballots are seen at a polling station during a referendum vote in Athens, Greece, July 5, 2015

      No Incidents Reported During Greek Austerity Referendum

      The referendum in Greece has run without any incidents, the Greek Interior Ministry said in a statement Sunday.
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    • 19:02

      Voting at the referendum on the Greece's bailout program has ended

      Official preliminary results are expected to be announced 8-9 p.m. local time (17:00-18:00 GMT).

    • 18:50

      According to a last-minute poll, No vote is slightly ahead at the Greferendum

      According to a last-minute poll obtained by the FT, the majority of Greeks said "No" to the creditors' proposals.

    • 18:10

      Greece and the world are anticipating the results of the Greferendum as the voting is set to end in less than an hour

    • 17:44

      Panos Kammenos thanked Russia, Greece's "brother nation", for its support, and said that Athens would do its best to be allies with Moscow

      The defense minister said that Greece should be in good relations with NATO, too.

    • 16:28

      Voter turnout at Greferendum is higher than at the parliamentary elections in January

      The turnout at the Greek bailout referendum has been markedly high, according to the major television network in Greece Mega Channel. Now it is standing at 35 percent, and lines have been seen at polling stations in Athens. The turnout is higher than during the parliamentary elections in January, the chiefs of several polling stations told RIA Novosti.

      A woman casts her vote at a polling station in Athens, Sunday, July 5, 2015

      Greek Referendum Turnout Higher Than at January Parliamentary Elections

      The voter turnout at the Sunday referendum in Greece is higher than at the parliamentary elections that took place in January, heads of several polling stations told RIA Novosti.
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    • 16:55

      If ‘No’ wins, the situation will be hopeless - Rajoy

      If Greeks vote "No" on the bailout terms offered by the international creditors at the Sunday referendum, the situation will become desperate, Spanish Prime Minister Mariano Rajoy said Sunday.

      "If ‘No’ wins, the situation will be hopeless. If the ‘Yes’ supporters win, the situation will be nearly hopeless," Rajoy said.

      Spanish Prime Minister Mariano Rajoy

      Situation to Become Hopeless if Greeks Say ‘No’ at Referendum - Spanish PM

      If Greeks vote "No" on the bailout terms offered by the international creditors at the Sunday referendum, the situation will become desperate, Spanish Prime Minister Mariano Rajoy said Sunday.
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    • 16:15

      Situation in Greece Tears Europe Apart – German FM

      Centrifugal forces, such as the current crisis in Greece and the migration problem, are tearing the very foundation of the European Union apart, German Foreign Minister Frank-Walter Steinmeier said Sunday.

       

      Germany's Foreign Minister Frank-Walter Steinmeier talks to the press

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    • 15:40

      Confirmed: Varoufakis to Resign if Greeks Vote 'Yes'

      Greek Finance minister Yanis Varoufakis has confirmed his plans to resign in case of a 'Yes' vote at bailout referendum.

      He also slammed the creditors "terrorist methods".

      Greek Finance Minister Yanis Varoufakis is surrounded by media as he leaves a polling station during a referendum in Athens, Greece July 5, 2015

      Finance Minister Confirms Resignation if Greeks Vote 'Yes' in Referendum

      Greek Finance Minister Yanis Varoufakis reiterated on Sunday his intention to resign if Greece’s referendum on the creditors’ bailout plan results in a "Yes" vote.
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    • 15:21

      'No' vote at Greferendum doesn’t mean Grexit - Emmanuel Macron

      'No' vote at the bailout referendum on Sunday doesn’t mean automatic exit of Greece from the Eurozone, French Minister of Economy Emmanuel Macron said on Sunday.

      "It is evident that the Greek ‘no’ response cannot be an automatic exit [from the Eurozone]", he told BFM TV.

    • 14:41

      Finance Minister Varoufakis feels a "holy moment of hope" that euro and democracy can coexist

      "After five years of misfortunes and losses, Greek people now have an opportunity to decide on the last ultimatum by the Eurogroup and its partners. It is a holy moment... this moment gives Europe hope that the single currency and democracy can live together," Yanis Varoufakis said.

      Greece's Finance Minister Yanis Varoufakis casts his vote at a polling station in Athens, Sunday, July 5, 2015

      Greek Referendum Gives Hope Euro, Democracy Can Coexist – Finance Minister

      The Greek bailout referendum gives Europe a "holy moment of hope" that euro and democracy can live together, Greek Finance Minister Yanis Varoufakis said Sunday.
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    • 13:54

      ‘No’ vote leads at Greek bailout referendum

      The majority of Greeks voted against the lenders-proposed bailout plan at Sunday referendum, opinion polls suggest.

      According to one of the polls obtained by RIA Novosti, the “No” vote is leading with a margin of 7-8 percent. Another poll suggests that the margin stands at 4 percent.

      An elderly woman leaves from a polling station as the poster reading ''No to the proposal of EU-IMF-ECB'' in the northern Greek port city of Thessaloniki, Sunday, July 5, 2015

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      On Sunday, Greek voters are taking part in a referendum to determine whether Greece should accept the lenders-proposed bailout plan that envisages serious spending cuts and tax increases.
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    • 13:26

      Greeks should stay united regardless of the referendum results, the president said

      "Regardless of the outcome of the referendum, we must embark in an indissoluble unity on a difficult journey tomorrow. That is what our ancestors did in the crucial moments. That is our duty today," Prokopis Pavlopoulos said after voting.

       

    • 12:43

      Eurogroup is open for further negotiations with Greece, the Austrian finance minister said.

      "Our hand is stretched out for Greece. It is crucial that the Greek government finally says what it really wants and that it takes a clear stance in support of that decision both in public and at talks. Then we can immediately return to the negotiating table," Hans Joerg Schelling said.

      Protesters wave Greek and EU flags during a pro-Euro rally in front of the parliament building, in Athens, Greece, June 30, 2015

      Eurogroup Remains Open for Dialogue With Greece – Austrian Finance Minister

      The Eurogroup continues to "extend its hand" to Athens and is ready to return to negotiations on the Greek bailout plan, Austrian Finance Minister Hans Joerg Schelling said Sunday.
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    • 12:23

      Greek Finance Minister Yanis Varoufakis cast his vote

      Greece's Finance Minister Yanis Varoufakis casts his vote at a polling station in Athens, Sunday, July 5, 2015
      © AP Photo / Petr David Josek
    • 12:15

      The sides will continue talks despite any outcome of the bailout referendum, Italian Prime Minister Renzi said

      "Speaking about the reaction toward the referendum and the negotiations, which will begin the next day, independent of the result we will work closely with our European partners," Matteo Renzi said.

      A referendum official puts up a sticker reading 301 polling station at an Athens high school that will be used as a polling station for Sunday's referendum in Greece, July 4, 2015

      Italy's PM Renzi Claims Talks to Follow Any Outcome of Greek Referendum

      Despite any results of the Greek austerity referendum, the sides will have to return to the negotiating table, Italian Prime Minister Matteo Renzi said Sunday.
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    • 11:52

      Alexis Tsipras feels "very optimistic" after casting his ballot

      "It is a holiday today, because the democracy is a celebration and happiness. Democracy defeats fear and blackmail, and then liberation comes.
      They can ignore the government but no one can ignore the will of people and their determination to take their destiny into their own hands. I am sure that tomorrow we will open a road for other European nations – the road of returning the real democratic values. I am very optimistic.”

      Greece's Prime Minister Alexis Tsipras waves to his supporters after voting outside a polling station in Athens, Sunday, July 5, 2015
      © AP Photo / Petros Giannakouris
      Greek Prime Minister Alexis Tsipras votes at a polling station in Athens, Greece July 5, 2015

      Tsipras Feels 'Very Optimistic' After Voting in Greek Austerity Referendum

      Greek Prime Minister Alexis Tsipras voted in an austerity referendum Sunday, in which Greek people are set to decide whether to accept the international creditors’ demands for additional austerity measures.
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    • 11:28

      Kostas Karamanlis, who served as Greece's prime minister in 2004-2009, made his choice

      Former Greek Prime Minister Kostas Karamanlis cast his vote during the Greek referendum in Thessaloniki on July 5, 2015
      © AFP 2018 / Sakis Mitrolidis
    • 10:31

      Alexis Tsipras has just cast his ballot and delivered a speech

      Greek Prime Minister Alexis Tsipras votes at a polling station in Athens, Greece July 5, 2015
      © REUTERS / Alkis Konstantinidis
    • 10:10

      Ex-PM Samaras called the referendum a mistake

      Antonis Samaras, who served as the prime minister before Alexis Tsipras, said that the referendum could expel Greece from the Eurozone.

    • 09:48

      The anti-austerity rally on Friday turned the scale in favor of rejecting the austerity measures, recent opinion polls suggested

      The public opinion was split, with the "yes" and "no" camps going neck to neck and having a narrow lead over each other in several polls. However, the rally in Athens that gathered from 25,000 to 60,000 people gave a three-percent edge to the supporters of anti-austerity policies, a source said.

       

      People walk past a YES poster sprayed with a graffiti reading ' NO' refering to upcoming controversial referendum in Athens on July 2, 2015

      ‘No’ Camp Takes Lead in Greek Referendum Poll

      The majority of Greeks are expected to vote against the country accepting a new set of austerity measures demanded by its international lenders in exchange for continued financial support from the EU.
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    • 09:33

      This is what the ballot paper looks like

      “Should the deal draft that was put forward by the European Commission, the European Central Bank and the International Monetary Fund in the Eurogroup of June 25, 2015, consisting of two parts, that together form a unified proposal, be accepted?” the paper reads.

    • 09:29

      The minimum turnout for the vote to become valid is 40 percent

      Nearly 5,000 polling stations opened in Greece.

    • 09:23

      Tsipras to step down if Greeks vote "yes"

      Prime Minister Alexis Tsipras called on the nation to reject the proposals in order to avoid poverty and secure a better leverage in future talks with the creditors. He promised to resign should Greeks support the measures. A crackdown on unpopular austerity measures was in the core of policies of Syriza, Tsipras' party that won the snap parliamentary elections in January.

    • 08:09

      The referendum started at 7:00 a. m. local time (04:00 GMT)

      Greeks started voting at the national bailout referendum, choosing whether to accept or reject the austerity measures proposed by Greece's international creditors.

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    #Greferendum: Greeks Voting on Austerity Terms Proposed by Int'l Creditors
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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    Tags:
    Greferendum, polling, Grexit, loan program, bailout program, referendum, austerity measures, default, Greek Bailout Referendum, Eurozone, European Commission, Syriza, The European Central Bank (ECB), International Monetary Fund, Alexis Tsipras, Antonis Samaras, Greece
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