Sunday, July 05, 2015

Greece rejects bailout, could exit euro

The Hill reports:
Greece has reportedly rejected Europe’s terms for further bailout from its debt crisis in vote that could see the nation exit the Eurozone.

Greek voters overwhelmingly voted “No” on Sunday in a historic bailout referendum, according to multiple news reports.

Reuters said that 60.4 percent of Greeks voted against a bailout offer from international creditors. The “Yes” option received 40.1 percent of support, the news outlet added.

Ahead of the vote, Prime Minister Alexis Tsipras had said that a “no” would not automatically mean a Greek exit from the euro, but could strengthen Athens’s hand in restructuring its debt.

The beginning of the end of the Euro??