No' Vote Ahead İn Greek Referendum

Greece has voted to reject the further austerity measures proposed by its creditors, an projection of the final result of Sunday's referendum showed.



Early results show that  more than 61 percent of Greek backed the government's stand against the country's creditors. 



Over 61.16 percent of the voters voted "no", as the vote count stands at over 48 percent, according to official results from the Interior Ministry.



More than 59 percent of all registered voters came to the polls, Minister Nikos Voutsis said in a televised address.



"We have guaranteed and organized a referendum with a sense of responsibility for the country," Voutsis said.



The government had called a "no" vote in the referendum, claiming it would give Greek officials greater power in its negotiations with creditors.



Opponents, including, Former Prime Minister Antonis Samaras, who leads the New Democracy party, argue backing the far-left Syriza party will jeopardize Greece's place in the eurozone. Similar warnings had been echoed across Europe.



Voters were presented with the idea of further pension cuts and tax increases for business and farmers, demanded by the troika -- the International Monetary Fund, the European Central Bank and the European Commission -- in return for a 7.2 billion euro dispatch as part of an ongoing bailout program. - Ankara