Crucial referendum in Greece lead to “No” according to preliminary data – Ambito.com

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    Sunday July 5, 2015
    
         
    

Europe on tenterhooks

The Greeks say “No” to the demands of its creditors, as Partial results of the referendum on Sunday, decisive for the fate of the country in an expectant Europe has begun to mobilize against the uncertainty that hangs over the future of the euro.

23% of the votes counted,

“no” prevailed with 60.54% , according to the Interior Ministry. This result reinforces the government of Alexis Tsipras , in a gamble that called the referendum just over a week ago in order to get “a better deal” in negotiating with creditors (EU and IMF).

Supporters of the “No” gathered in Syntagma Square in Athens what looked like a landslide victory in the referendum.

Members of Athens had warned the Greeks that “no” can synonymous with output in the euro area.

For the Government spokesman Gabriel Sakellaridis, this result “gives the government a mandate to defend its own proposal and their positions, and negotiation not start from scratch “.

” With this result, the prime minister has a clear mandate from the Greek people, “he added Sakellaridis.

” The initiatives will multiply from tonight so you can have an agreement “between Athens and its partners, said the channel ANT1.

The government also said the Bank of Greece asked the European Central Bank, one of the country’s creditors, to increase the ceiling of emergency funding to the Greek authorities, which will open in principle its doors on Tuesday, as the Athens stock exchange, after being closed all week.

However, to the Russian authorities, Greece “has taken a step towards the exit from the euro zone.”

The consultation, the first in Greece in 41 years, was held in an unprecedented context. A lack of money in the coffers, the government could not afford the 1,550 million euros that had to pay the IMF June 30 and since Monday of last week playpen governed by that bank customers can only withdraw a maximum of 60 euros per day per person.

The French president, François Hollande , and German Chancellor, Angela Merkel , will meet on Monday night in Paris to study the consequences of the outcome of the referendum.

The directors of the Treasury of the member countries of the euro zone will also meet on Monday, he said a source told AFP.

The president of the European Parliament, Martin Schulz, said before the vote conclude that Greece should introduce another currency if he won the “no”.

“Continue Greece in the euro after the referendum? Sure, but if they say ‘no’, will have to introduce another currency after the referendum, because the euro will not be available as a means of payment, “Schulz told German radio Deutschlandfunk.

Schulz nuance in the columns of the newspaper Welt am Sonntag that whatever the outcome, the EU will not abandon Greece and could grant it “emergency loans to keep public services running and needy people receive the money to survive “.

The Greek government, formed by the sovereignist party Syriza and ANEL, and the country’s creditors (EU, IMF, ECB) spent more than five months of arduous negotiations.

After respective credit lines 240,000 million agreed since 2010 to Greece, which expired on 30 June, in exchange for draconian reforms and austerity measures that have contributed to a fall in GDP 25% and an exponential increase in unemployment, the current government of radical left wants a change of strategy involving the restructuring of debt.

The latest proposal from creditors, who proposed extending five months the Greece assistance program and a package of 12,000 million euros to supply in four installments until November, in exchange for new cuts and tax increases, what motivated the fist on the table and call Tsipras this referendum .

According to a recent IMF report, Greece will need 50,000 million euros over the next three years to stabilize their finances

.