Greece votes for democracy

Yesterday’s referendum in Greece on the terms of the bailout offered by the European Union offered a decisive answer to those seeking to continue with the route to austerity. By a margin of 62% to 38%, the Greek people voted no, on any terms a decisive result.

Most commentators had prophesied that the referendum would reveal a deep split in Greek society between those voting for continued affiliation to the EU and those rejecting the terms imposed by the IMF and the EU. This split did not materialise.