Greece votes ‘no’ on bailout referendum: What happens next?

Financial Post

Greek voters delivered a decisive verdict on proposals put forward by international creditors. The following scenarios are based on conversations with officials working on how to handle the Greek crisis, along with investors and economists.

The Results

In Sunday’s referendum, 61.3 per cent of voters backed Prime Minister Alexis Tsipras’s rejection of further spending cuts and tax increases in a Greek referendum. Only 38.7 per cent voted for “Yes.”

There was 62.5 per cent turnout of 9.86 million registered voters, and 5.8 per cent of ballots were invalid or blank.

What Happens Next?

Emergency negotiations start again this week. Euro-area leaders are set to meet Tuesday evening in Brussels, and things will get started Monday beginning with conference calls among the European players.

European Commission President Jean-Claude Juncker was set to hold a conference call Monday morning with European Central Bank head Mario Draghi and Jeroen Dijsselbloem, who heads the…

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