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Greeks react to referendum green light

Sunday, June 28, 2015 - 01:45

As Greece heads towards defaulting on its debt, Athenians debate the wisdom of the proposed referendum. Sean Carberry reports.

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It looks like a typical summer Sunday in Athens as people quietly go about their business. But, the longer than usual lines at ATMs hint at the anxiety in Greece. EU finance ministers rejected Greece's call for a bailout extension Saturday, setting the stage for a possible default on $1.6 billion it owes the International Monetary Fund on Tuesday. The Greek parliament has approved the July 5th referendum called by Prime Minister Alexis Tsipras. The vote will determine whether Greece should accept the bailout terms from its EU creditors. Some like 63 year-old pensioner Nikos and 64-year-old Paraskevi are in favor of holding the referendum. (SOUNDBITE) (Greek) ATHENS RESIDENT, NIKOS, 63, SAYING: "I will vote 'no' so I can punish the 'banksters' and those people who help those who stole the money (from the people)," (SOUNDBITE) (Greek) ATHENS RESIDENT, PARASKEVI, 64, SAYING: "I am pleased that it will take place. I will vote 'no'," But, 63-year old Athens resident Yannis Antoniou says he's against holding a referendum. He blames both the Eurozone finance ministers and Greece's leftist government for the failed talks. (SOUNDBITE) (Greek) ATHENS RESIDENT, YANNIS ANTONIOU, AIRCRAFT BUILDER, 63, SAYING: "A solution cannot be found through ultimatums nor by leading Greece to catastrophe." A default could lead for calls to expel Greece from the euro. Greek Finance Minister Yanis Varoufakis says a deal could still be reached before Tuesday's IMF deadline. He warns the credibility of the euro zone could be permanently damaged by its rejection of Greece's plea for more time.

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Greeks react to referendum green light

Sunday, June 28, 2015 - 01:45