Referendum underway in Greece

 
Referendum underway in Greece
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Sunday morning polling stations opened, where the Greeks will vote for or against the international creditors cuts and reform proposals for the country.

Almost 10 million Greeks may vote between the hours of 7 and 19. People were Sunday morning queued outside schools and universities which were turned into polling stations.

Europe holds its breath while waiting for the results of the referendum. A result will come 21 local time Sunday night.

Prime Minister Alexis Tsipras and his government, which came to power six months ago, has urged people to say "no" to the creditors suggestions, which both creditors and several leading politicians have advised against. European Commission President Jean-Claude Juncker has said that a no majority can led to Greece has to leave the euro zone, a so-called "Grexit".

Finance Minister Yanis Varoufakis warned Friday that if the people say yes to the creditors claims, it could be the end for Greece's leftist government.

Regardless of the outcome of Sunday's referendum, Varoufakis says that he expects to land a deal with international creditors Monday.

- I expect that we will have an agreement Monday. And it will be independent of the referendum, he said to the German newspaper Frankfurter Allgemeine Sonntagszeitung on Saturday.

On Saturday Greeks stockpiled both money and food in fear of a collapse.

In the capital Athens Greeks were seen with full shopping carts or coming out of shops with heavy shopping bags in their hands. In stores sugar, flour and pasta was torn from the shelves.

- Most people buy food now because they fear the worst, said 51 years old Andreas Koutras, who works in the financial sector.

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