The Greek citizens have delivered a resounding ‘No’ to bailout conditions demanded by creditors in a referendum held on 5^th July. The referendum was announced by Greece’s Prime Minister, Alexis Tsipras, on 27^th June after bailout talks with the creditors failed. The referendum asked voters to decide “whether to accept the outline of the agreement submitted by the European Union, the European Central Bank and the International Monetary Fund at the Eurogroup of 25/06/15.”

The government-backed ‘No’ side won with…