| ABC News | - |
Greeks
started casting ballots early Sunday in the closely watched bailout
referendum, with opinion polls showing people evenly split on whether to
accept creditors' proposals for more austerity in exchange for rescue
loans, or defiantly reject the ...
Greece Votes on High-Stakes Bailout Referendum
Greeks started casting ballots early Sunday in the closely watched
bailout referendum, with opinion polls showing people evenly split on
whether to accept creditors' proposals for more austerity in exchange
for rescue loans, or defiantly reject the deal.
Polling stations are open until 7 p.m. (1600 GMT; noon EST).
Greek Prime Minister Alexis Tsipras is gambling the future of his
5-month-old left-wing government on the snap poll — insisting that a
"no" vote would strengthen his hand to negotiate a better deal with the
country's creditors, and a "yes" would be a capitulation to their harsh
demands.
The opposition accuses Tsipras of jeopardizing the country's membership
in the eurozone and says a "yes" vote is about keeping the common
currency.
Tsipras' high-stakes standoff with lenders— the European Union and the International Monetary Fund — resulted in Greece
defaulting on its debts this past week and shutting down banks to avoid
their collapse, and lose access to billions of euros after an existing
bailout deal expired.
The sense of urgency was palpable all week when Greeks struggled to
decipher a convoluted referendum question while being bombarded with
frenzied messages of impending doom or defiance.
A series of polls published Friday at the end of a frantic weeklong
campaign showed the two sides in a dead heat, with an incremental lead
of the "yes" vote well within the margin of error. They also showed an
overwhelming majority of people — about 75 percent — want Greece to
remain in the euro currency.
Aris Spiliotopoulos, a 22-year-old who is launching his own tourism
start-up, said he believes the vote is about whether Greece choses to
stay among the club of nations that uses the euro as their currency and
ultimately whether the country opts to stay in the European Union
itself.
"I am voting 'yes' because I believe that my future and even my kids'
future, in twenty or thirty years from now, is in the eurozone and the
European Union," Spiliotopoulos said on the eve of the referendum.
Gym teacher Alkiviadis Kotsis said he is voting "no" because the country and its people simply can't take more austerity.
"No matter how many loans you take, you cannot get by if you don't produce things. You can't do anything," he said.
No matter the referendum result, Tsipras faces a tough road ahead,
fraught with uncertainty about whether he will be able to deliver an
improved bailout agreement.
Yale University political science professor Stathis Kalyvas said the
Greek government will face daunting challenges no matter which way the
vote goes. In case of a "no" win, Kalyvas said the Greek government
could be confronted with the refusal of other eurozone countries to
negotiate a better deal because of their distrust of Tsipras.
A "yes" win won't mean a road to the negotiating table strewn with roses
either, but would likely usher in a new government with a shot at
negotiating an improved deal, Kalyvas said.
He said if the European Union wants to keep Greece in the eurozone, it
will have to come up with "a very generous plan" since the cost of the
crisis has shot up to unanticipated levels.
That was borne out by German Finance Minister Wolfgang Schaeuble, who
told daily Bild on Saturday that future negotiations between Greece and
its creditors will be "very difficult," because the country's economic
situation has worsened dramatically in recent weeks.
Schaeuble repeated the German government's position that for a community
like Europe to work, all countries need to abide by the rules.
Meanwhile, Greece's Finance Minister Yianis Varoufakis launched a salvo
at other eurogroup nations, accusing them of holding out on a bailout
deal to allow bank coffers to run dry so they could spring a "vile
ultimatum" on the government to accept what he called a humiliating
deal.
Writing in the Saturday edition of daily Kathimerini, Varoufakis said
other eurogroup members rejected Greece's "honorable" counter-proposals
and insisted on extracting "humility."
Varoufakis said accepting the creditors' terms would be a "permanent
condemnation" while rejecting it would offer the "only prospect for
recovery."
With speculation swirling on the referendum's impact on Tsipras'
government, Greece's Deputy Prime Minister Yiannis Dragasakis denied
media reports that he would accept to lead a new "grand coalition"
government.
"The country has a prime minister who will have an even stronger popular
mandate and support. I will serve this mandate on my part," he said in a
statement.
———
Online:
Official referendum website: http://www.referendum2015gov.gr/en/
———
Associated Press writers Iuliia Subbotovskaia and Eftehia Katsareas in Athens, Greece, contributed to this report.
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