Currency, Debt, National Budgets & Interest Rates, Democracy, Europe, EU, Eurozone, Types of News: Analysis
Fate of Greece in Limbo After Voters Choose ‘No’ to Debt Deal
A day after an unprecedented referendum in which Greek voters rejected an offer by creditors to continue their bailout of the country's finances in exchange for strict economic reforms, the fate of Greece and its proud people lie in deep uncertainty.
With a vote of 61-to-29 percent, the Greeks resoundingly said "no" to their European partners' plans to continue financing Greek debt under the condition that Greece would pass more "austerity" measures such as cuts to pensions and spending programs and increases in the value-added tax.
Now, though everyone seems to deny the possibility of a Greek expulsion from the 19-member common-currency Eurozone, the path to keeping Greece in the union isn't clear.
Key European leaders are sending mixed signals.
Eurogroup (group of finance min...