05:48 GMT01 August 2021
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

    Some 60.6 percent of voters in the Sunday Greek referendum said "No" to the creditors' proposals to unlock new aid package to the debt-ridden country, the Interior Ministry said citing preliminary voting results.

    ATHENS (Sputnik) — With 26.3 percent of votes counted, 39.4 percent of Greeks have supported the bailout deal.

    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.

    Greece is one of the countries hit 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.

    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.

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


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    Greece, Eurozone, vote, austerity measures, referendum, bailout program, debt crisis
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