"Oxi", and out

WHY did the Greeks vote no' "Because we are tired of everything, from all the lies, from paying for the rich, and from years of austerity, especially for young", answers Dora, a young Athenian waving a big Greek flag as she celebrates the "No" victory on Syntagma Square with her friends.Greek people have spoken. With over 90% of the vote counted, more than 61% of ballots have been cast for "Oxi" (No) in a controversial last-minute referendum that has divided the country into two over the past week. The none-too-clear, 72-word question put to Greeks asked whether they accepted a (since-expired) deal proposed by their European creditors. Some have interpreted this as a vote on bail-out terms; others say it is ultimately a vote on Greece's membership of the euro, and even of the European Union.Which of those two interpretations ends up being the actual consequence of the result will become clearer in the coming days. Greece's creditors, including the chairman of the Eurogroup of finance ministers, Jeroen Dijsselbloem, and his counterpart in Germany, Wolfgang Schuble, have taken a hard line. They have warned...Continue reading
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