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International

Greece votes in referendum with future in euro in doubt

11:45, Sunday, 05 July, 2015
Greece votes in referendum with future in euro in doubt

Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.

Staged against a backdrop of shuttered banks and threats of financial apocalypse, the vote looked too close to call and may not produce the clear mandate for negotiations that Athens’ creditors seek.

Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a "humiliation" and is urging people to reject.

Investors and European policymakers say a rejection would set Greece on a path out of the euro, destabilising the global economy and financial markets.

"I voted 'No' to the 'Yes' that our European partners insist I choose," said Eleni Deligainni, 43, in Athens.

"I have been jobless for nearly four years and was telling myself to be patient ... but we've had enough deprivation and unemployment."

Voting on whether to accept more taxes and pension cuts would be divisive in any nation, even at the best of times.

In Greece, the choice is faced by an angry and exhausted population who, after five years of crippling austerity, have now suffered through a week of capital controls imposed to prevent the collapse of the nation's financial system.

Pensioners besieging bank gates to claim their retirement benefits, only to leave empty-handed and in tears, have become a symbol of the nation's dramatic fall over the past decade.

Eleven years ago, in the early morning of July 5, 2004, Greeks poured into the streets, united in celebration of their country's victory in the European Cup soccer tournament. Today, Greece is divided -- and scared -- as rarely before.

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