Voters in Greece resoundingly rejected creditors’ demands for more austerity in return for rescue loans Sunday, backing Prime Minister Alexis Tsipras, who insisted the vote would give him a stronger hand to reach a better deal. The opposition accused Tsipras of jeopardizing the country’s membership in the 19-nation club that uses the euro and said a “yes” vote was about keeping the common currency.
With 87 percent of the votes counted, the “no” side had more than 60 percent. “Today we celebrate the victory of democracy,” Tsipras, who gambled the future of his 5-month-old left-wing government on the vote, said in an address to the nation. Finance Minister Yanis Varoufakis said Sunday night that creditors planned from the start to shut down banks to humiliate Greeks and force them to make a statement of contrition for showing that debt and loans are unsustainable. FULL REPORT