Greece: “No!!!” – It’s a Landslide

Econintersect:  With more than half the ballots counted more than 61%  of the votes are “No” to accepting the austerity measures offered by the Troika Institution in return for continuing a bailout for Greece.  Shockwaves are starting around the world.

Click to view full image at Financial Post.

The latest results, with 81% of the votes counted:

That’s it – ‘no’ vote cannot be caught #Greece 61.56 * 0.8154 = 50.19% pic.twitter.com/kQExq4Pobl

— Lorcan Roche Kelly (@LorcanRK) July 5, 2015

The euro and other currencies took a hit vs. the U.S. dollar:

And Zero Hedge summarized that the Troika’s fearmongering campaign backfired:

John Lounsbury

Sources:

• Greek referendum: ‘Yes’ leader quits as Greeks reject bailout terms – live (Julia Kollewe and Graeme Weardon, The Guardian, 05 July 2015)

• That’s it – ‘no’ vote cannot be caught (Lorcan Roche Kelly, Twitter, 05 July 2015)

• Greece ‘No’ Vote to Spark Haven Rush as Euro Slips With Aussie (Emma O’Brien, Bloomberg Business, 05 July 2015)

• Official Greferendum Results Show “No” Landslide: Singular Logic Projects “Oxi” Victory (Zero Hedge, 05 July 2015)

• What might happen if Greeks vote ‘yes’ — or ‘no’ — on Sunday (Pan Pylas, Associated Press, Financial Post, 03 July 2015)