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    49.5-54% of Greeks Say No to Creditors' Bailout Proposals - Polls

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    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.

    ATHENS (Sputnik) — On Sunday, Greek voters have been taking part in a referendum to determine whether Greece should accept the lenders-proposed bailout plan that envisages serious spending cuts and tax increases.

    "The overall estimate is that "No" vote is leading," sociologists told ERT TV channel.

    The voting ended at 7 p.m. local time, official preliminary results are expected to be announced 8-9 p.m. local time (17:00-18:00 GMT).

    Greece is one of the countries hit worst by the 2008-2009 financial crisis. The country’s overall debt stands at about $350 billion, of which $270 billion is owed to the European Central Bank (ECB), the International Monetary Fund (IMF) and some eurozone countries.

    At least 40 percent of the registered voters should take part in the voting for the referendum to be declared valid. According to unofficial data, the turnout is some areas reached 50 percent.

    A source in Syriza party told RIA Novosti earlier in the day that no official exit poll was being held, as the country lacks relevant experience. The previous referendum in Greece took place in December 1974.

    Over 19,000 polling stations were open for 9.8 million of registered voters in the austerity referendum.

    The Greek Interior Ministry, reported no incidents during the Sunday referendum.

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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    debt crisis, bailout program, referendum, poll, Eurozone, Greece
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