‘No’ side confident as polls close in Greek referendum

The polls have just closed in the Greek referendum, and the ‘No’ side seems, currently, to be rather more confident of a victory. The Guardian reports a briefing from the EU Commission that those in favour of rejecting the anti-austerity deal from Greece’s creditors could be 8-10 points ahead, while others claim ‘No’ had a late surge.

Syriza members have also been talking about what would happen in the event of a ‘No’ vote, with Yanis Varoufakis saying Greece could do a deal with its lenders in 24 hours.

If the country has voted ‘No’, then Grexit is expected, unless the country stays suspended in negotiations for longer. Not only will this take the eurozone into uncharted territory in terms of working out how to support a member as it leaves, but it also leaves the single currency with a crisis of confidence as it has failed to keep one of its members inside.