Greece Referendum Results Reaction: How Newspaper Front Pages From Around The World Reported On Historic Vote
People from across the world were closely watching the aftermath of Greece's referendum Sunday that saw voters in the embattled nation turn down a proposal from international creditors that would have included more austerity reforms. The election results have increased concerns that Greece could exit the eurozone currency bloc.
Newspaper front pages declared that Greece had defied Europe and showed pictures of celebrating Greeks. Some, however, declared that the Greeks had voted for disaster.
Greece's Finance Minister Yanis Varoufakis resigned Monday after he helped Athens win the divisive referendum. He said his exit might help Greece "achieve a deal" with its creditors. "I shall wear the creditors' loathing with pride," Varoufakis said in an announcement posted on his blog.
Greeks voted 61 percent to 39 percent to reject harsh austerity measures sought by the International Monetary Fund, European Central Bank and European Commission. The vote came as Athens is facing an economic collapse. Greek banks are poised to run out of cash within days and Athens has already defaulted on a loan repayment to the IMF.
European leaders were expected to hold an emergency summit this week on the Greek vote, USA Today reported. Greek leaders have said the vote against more austerity would give it a stronger negotiating position. Meanwhile, global stocks took a hit after the referendum, CNN Money reported.
European leaders expressed disappointment with Greece's vote. "With regard to yesterday's decision by Greek citizens the preconditions for entering into negotiations over a new aid program do not currently exist," said Steffen Seibert, spokesman for German chancellor Angela Merkel.
European Commission President Jean-Claude Juncker was scheduled to hold a conference call Monday with European Central Bank head Mario Draghi and Jeroen Dijsselbloem, who heads the Eurogroup of euro-area finance chiefs.
"It's now up to the Greek government to make proposals about how to proceed," Austrian Chancellor Werner Faymann said in a statement on Monday.
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