EUROZONE-GREECE/PRELIMINARY RESULTS Greeks defy Europe with overwhelming referendum 'No'

Record ID: 148433

  • Title: EUROZONE-GREECE/PRELIMINARY RESULTS Greeks defy Europe with overwhelming referendum 'No'
  • Date: 5th July 2015
  • Summary: ATHENS, GREECE (JULY 5, 2015) (REUTERS) (SOUNDBITE)(Greek) SINGULAR LOGIC CEO, MICHALIS KARIOTOGLOU, SAYING: "At this moment, we have gathered results from 3,500 polling stations. On the basis of these data, the estimation of Singular Logic is that the result in favour of 'no' will surpass 61 percent."
  • Embargoed: 20th July 2015 13:00
  • Keywords:
  • Location: Greece
  • Country: Greece
  • Topics: General
  • Reuters ID: LVA7QDBA9ROI672CD9U2VH1AG27Y
  • Aspect Ratio: 16:9
  • Story Text: Greeks voted overwhelmingly "No" on Sunday (July 5) in a historic bailout referendum, partial results showed, defying warnings from across Europe that rejecting new austerity terms for fresh financial aid would set their country on a path out of the euro.
    "At this moment we have gathered results from 3,500 polling stations. On the basis of these data the estimation of Singular Logic is that the result in favour of 'no' will surpass 61 percent," said Michalis Kariotoglou, the CEO for Singular Logic, which processes the results for the interior ministry said in a televised statement two hours after the closing of the polls.
    Only 39 percent were estimated to have voted in favour.
    With nearly a fifth of the votes counted, official figures showed 60.4 percent of Greeks on course to reject a bailout offer from creditors that was the official issue of the ballot. The figures showed the Yes vote drew 40.1 percent. An official projection of the final result is expected at 1800 GMT.
    The result would hand a big victory to Prime Minister Alexis Tsipras, who urged voters to say 'No' to an aid package he called a national "humiliation" and an "ultimatum" from creditors.
    But pro-euro parties and eurozone policymakers have warned a 'No' would be tantamount to rejecting talks with creditors, setting Greece on a path out of the euro.
    If confirmed, the result would also deliver a hammer blow to the European Union's grand single currency project. Intended to be permanent and unbreakable when it was created 15 years ago, the eurozone could now be on the point of losing its first member with the risk of further unravelling to come.
  • Copyright Holder: REUTERS
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