Sunday, July 5, 2015

GREEKS REJECT DEMANDS FOR MORE AUSTERITY IN KEY REFERENDUM

Greeks overwhelmingly rejected creditors' demands for more austerity in return for rescue loans in a critical referendum Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal.

Tsipras gambled the future of his 5-month-old left-wing government on the vote. The opposition accused him of jeopardizing the country's membership in the 19-nation club that uses the euro and said a "yes" vote was about keeping the common currency.

With 70 percent of the votes counted, the "no" side had more than 60 percent. The interior ministry predicted that margin would hold.

http://hosted.ap.org/dynamic/stories/E/EU_GREECE_BAILOUT?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-07-05-16-04-15

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