Pages

Sunday, July 5, 2015

Greeks begin voting in referendum as the euro faces its biggest challenge

Almost 9.9 million Greeks have the right to vote in Sunday’s plebiscite on whether the country should accept the terms of its creditors Greeks began voting in a referendum on Sunday that presents the biggest challenge to the running of the euro since its adoption and risks sending shock waves through the world’s financial markets.The nationwide ballot was taking place at the end of a week of unending drama that saw Greece close its banks, ration cash, fail to repay the IMF and lose billions of euros when its bailout programme expired. The vote is on the last terms offered to Greece before its prime minister, Alexis Tsipras, abandoned talks with his country’s lenders last weekend, saying their conditions would only exacerbate the plight of a country whose economy has already shrunk by a quarter. Related: Our Greek referendum offers catastrophe or absolute catastrophe. Some choice | Aggeliki Spanou Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com