Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Sunday 05 July 2015 4:27 pm

Greek referendum: Finance minister Yanis Varoufakis hails “no” vote against austerity

By: Jessica Morris

Add as a preferred source on Google

Greek finance minister Yanis Varoufakis has hailed a seeming "no" vote against more austerity measures implying it ramps up pressure on the country's creditors to negotiate.

"As of tomorrow, with this brave "no" the Greek people handed us … we will extend a helping hand towards our lenders. We will call on each one of them to find common ground," Varoufakis said.

"As of tomorrow, Europe, whose heart is beating in Greece tonight, is starting to heal its wounds, our wounds. Today's No is a big Yes to democratic Europe."

Read more: Half of votes counted and "no" vote leads

Greece is currently veering towards a historic "no" vote against austerity measures such as VAT rises and pension cuts in exchange for unblocking aid.

It's been just over four hours since polls closed, and so far nearly 80 per cent of the vote has been counted, showing 61.58 per cent voted "no" and 38.43 per cent voted "yes".

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • Economic austerity
  • Greek debt crisis

Trending Articles

  • Billionaire Easyjet founder in line for £800m payday from takeover

  • The former African gold miner taking on the billionaire Issa brothers

  • Pension pressure to help swell UK debt to three times size of economy

  • Tesco ‘in talks’ to exit eastern Europe

  • As it happened: FTSE 100 slump as oil soars; Trump says Iran will be ‘hit hard’ tonight

More from City PM

  • Why I’ve fallen back in love with the iPod

    Life&Style
    GettyImages 542216126 showing a significant event or subject relevant to current news trends on a general news site
  • Tale of two cities: London leaps ahead in global finance but domestic growth stalls

    Economics
    Getty Images number 2154617464 depicts a relevant scene for the articles unidentified content, suitable for business context.
  • Franco Manca and Real Greek owner slumps to £14m loss as boss quits

    Hospitality
    Franco Manca restaurant exterior showcasing the vibrant storefront and bustling street atmosphere in a busy city location.
  • Burnham warns Labour of ‘final chance’ after Makerfield win

    Politics
    Andy Burnham speaking at a Labour Party event, addressing current political issues, with a focused and determined expression.
  • The Debate: Should the resignation of the Prime Minister trigger a general election?

    Opinion
    Keir Starmer announces resignation at podium, addressing media with serious expression against a backdrop of political ban...
  • Thames Water, energy grid, rent prices: Burnham drums up public control agenda

    Politics
    Burnham skyline at sunset highlighting modern architecture against a vibrant orange and pink sky, reflecting urban develop...
  • Starmer defends ‘treacherous’ Reeves and Miliband despite Badenoch jibes

    Politics
    Keir Starmer speaking passionately at Prime Ministers Questions in the UK Parliament chamber, addressing government policies.
  • On this day: Brits vote in referendum that changes everything

    Opinion
    UK flag and EU flag waving side by side, symbolizing Brexit referendum discussions and future political relations.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy