Greece Referendum: What Happens If They Vote ‘No’
And also if they say “Yes” (though that's less complicated)
To keep the money flowing the Greeks must first rubber-stamp German-inspired austerity in a July 5 referendum and then potentially elect a new government which can do business with its European neighbors.
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Greeks are being asked to vote on whether to accept a proposal by the country's creditors for more austerity to keep aid flowing.
Voters have received a clear message from the euro area: vote “Yes” in the July 5 bailout referendum. But Greece’s Syriza-led government is pushing the other way.