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Greece Heads for ‘No’ Vote, Raising Risk of Exit From Euro

Supporters of the No vote celebrate after the first results of the referendum at Syntagma square in Athens, on July 5, 2015. Photographer: Petros Giannakouris/AP Photo

Supporters of the No vote celebrate after the first results of the referendum at Syntagma square in Athens, on July 5, 2015. Photographer: Petros Giannakouris/AP Photo

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Greeks voted against accepting further austerity in exchange for a new bailout, emphatically raising the stakes in the country’s confrontation with creditors.

With more than half of votes counted, 61 percent of Greeks backed Prime Minister Alexis Tsipras by voting “no” to the latest proposals for spending cuts and tax hikes. Some 39 percent voted to appease creditors, according to results from the Interior Ministry in Athens.