Greece votes ‘No’ on referendum, and possibly the eurozone as well

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With more than half of the votes counted, a majority of Greeks have voted “No” in Sunday’s referendum—a result that will likely have major consequences across Europe.

Despite overwhelming support for the “Yes” side from domestic and international media, 62 percent of Greeks voted against accepting the conditions proposed by the European Central Bank, the European Union, the International Monetary Fund, and other lenders; 38 percent of voters cast their ballots in favor of accepting those terms.

Young people played a major role in the results of Sunday’s referendum. According to The Guardian, Greek youth—for whom unemployment has reached a record high of almost 50 percent—voted against accepting the lenders’ terms two to one.

With this “No” vote, Greece—which is currently about $350 billion in debt—is declaring that it is fed up with austerity and fed up with being told what to do by more powerful and financially…

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