Greece referendum: What happens if the Greek people vote Yes – or No

'Yes' could mean a new government, 'No' that the euro zone loses a member

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The Independent Online

Greece's referendum will set a new course for the country after a tumultuous half year of negotiating between Athens and its international creditors.

A 'Yes' vote could mean a new government, a new series of negotiations and Greece's continued membership of the euro zone.

A 'No' vote could mean the euro zone loses a member - a fate that could rock the stability of the currency.

This graphic shows what might happen

The nation is deeply divided over the result, with the polls narrowing in the past days.

Prime Minister Alexis Tsipras, elected in January on a promise to end years of austerity, has urged people to spurn the tough terms of an aid deal offered by international creditors to keep the country afloat.

 

His European partners say a 'No' vote will jeopardise Greece's membership of the euro.

Tsipras says they are bluffing, fearing the fallout for Europe and the global economy. A 'Yes' vote may bring him down, ushering in a new period of political instability for a country reeling from five days of shuttered banks and rationed cash withdrawals.

Reuters

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