Home >> Trending Topics >> In The News >> Greece Votes!

Greece Votes!

"Hellenic Parliament from high above" by Gerard McGovern

“Hellenic Parliament from high above” by Gerard McGovern

Greek polls have closed and the indication from exit polling data is that Greece will thumb its nose at the European Union.

With just 20% of the vote officially tallied, the no’s are leading the yes’s 60% to 40%.

A ‘No’ vote (OXI) means that Greeks refuse the spending cuts and financial restructuring measures required by the nation’s creditors in order to secure more loans. That no also indicates a show of support for the Tsipras government who has been pushing for a ‘no’ result. European leaders have said that a ‘no’ vote could result in Greece exiting the Euro (Grexit.)

A ‘Yes’ vote (NAI) means that Greek’s accept the austerity measures of their financiers. All sorts of government programs will be required to cut spending and taxes will increase substantially. It would have indicated a vote of “no confidence” in Tsipras and likely led to new elections. But, Greece would secure more funding and a secure, for now, place in the European experiment.

(Article Continues Below Advertisement)
(Article Continues Below Advertisement)
Sponsored Content
Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!

Sponsored Content

About R. Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and
Sign up for our Newsletter

* indicates required field

Email Format