Now to the massive news out of Europe that′s
expected to have ripple effects around the world.
Greece has entered uncharted territory after more than 61 percent of voters on Sunday rejected
demands by international creditors for more austerity in exchange for a bailout of its
bankrupt economy. Sohn Jung-in reports.
It was a high-risk gamble that Greek Prime Minister Alexis Tsipras took with the future
of his country, but in the end it was a decisive win.
The margin of victory was far wider than expected,… an indication that many indecisive voters
may have been convinced by Tsipras′ claim that a ′No′ vote would help the country
secure a better deal from its international creditors after months of wrangling.
After the results were announced, the Greek government said it would try to restart talks
with its European partners and reach a conclusion within 48 hours.
Time has run out for Greece, which is dealing with an economy in a protracted recession,
with high unemployment and banks dangerously low on capital.
The international bailout, under which it received nearly 240 billion euros in rescue
loans, expired last week, on the same day Greece defaulted on an International Monetary
Fund repayment, becoming the first developed nation to do so.
Greece′s fate could be decided at a eurozone summit set to be held on Tuesday.
Some analysts say Greece could be forced to switch back to its old currency,… the
drachma. Sohn Jung-in, Arirang News.