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[h=4]Greeks vote in high-stakes referendum[/h]Millions of Greeks were voting Sunday in a tightly contested national referendum that amounts to a decision on whether Athens should accept further austerity measures demanded by its international creditors.
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Some 22,000 Greeks for a 'Yes' outcome yelled pro-European slogans just 800 metres away from a rival 'No' rally in central Athens late Friday, two days ahead of a bailout referendum to determine the country's financial future.
Video provided by AFP Newslook
A young boy waits as his grandmother prepares her vote in a voting booth during the Greek referendum in Thessaloniki on July 5, 2015.(Photo: AFP)
Millions of Greeks voted Sunday in a tightly contested national referendum on whether Athens should accept further austerity measures demanded by its international creditors.
The outcome of the vote could have dramatic implications for Greece's membership of the 19-nation euro currency bloc — known as the eurozone — as well as far-reaching consequences for markets and economies around the world.
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Polls close at 7 p.m. local time (12 noon ET) and exit polls are expected to be released shortly afterward. The latest opinion polls show that Greece's 11 million people are evenly split over which course the country should take.
Greek Prime Minister Alexis Tsipras has urged Greeks to vote "no," arguing that a rejection would give his administration a more robust mandate to negotiate better terms for Greece. Opponents say only a "yes" vote can guarantee that Greece won't be ejected from the eurozone and face years of extreme economic penury.
"No one can ignore the message of determination of a people taking its destiny in its own hands," Tsipras said Sunday after casting his vote.
"Today democracy conquers fear," he said.
USA TODAY
Greeks face only bad choices on eve of historic vote
The referendum is taking place after Greece's banks were closed last week amid limits on cash withdrawals as Tsipras tries to prevent Greece's economy from collapsing.
Greece's $270 billion financial-crisis-era bailout package expired on Tuesday, the same day Athens missed a $1.8 billion loan repayment to the International Monetary Fund, one of its creditors alongside the European Central Bank and European Commission.
A man leaves a cabin before casting his vote at a polling station in Athens on July 5, 2015<span style="color: Red;">*</span>(Photo: Emilio Morenatti, AP)
Without a fresh injection of funds, Greece's banks could run out of money as early as Monday if the ECB pulls the plug on an emergency borrowing facility it has provided to Greece's lenders. That decision may be linked to what happens in Sunday's vote.
"In the current circumstances of great uncertainty in Europe and the world, the ECB has been clear that if we need to do more we will do more," ECB Executive Board member Benoit Coeure said Sunday, speaking in France.
On the last day of campaigning on Friday, the rival sides held rallies in Athens. There have also been rallies in support of the government's position in Dublin and Lisbon. Both Ireland and Portugal received international bailouts to stave off bankruptcy.
USA TODAY
Greece's debt-crisis road is long and winding
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