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A Resounding Greek Rejection in Referendum of Proposed Austerity Terms

The Greek people went to the polls yesterday, and in their masses, they resoundingly rejected austerity terms proposed by international bankers as a means to stabilizing the nation's indebtedness. 

Pressured in negotiations over austerity terms with international bankers, and facing a deepening financial crisis at home, the Greek Socialist Prime Minister Alexis Tsipras, elected on an anti-austerity platform in January, shocked international financiers last week when he opted to allow his people in referendum to accept or to reject the terms of international bankers to stabilizing Greece's debt and to securing more credit. 

The snap referendum was answered as the people of Greece by a 61 to 39 percent margin, rejected the austerity terms of international bankers. And in doing so, the Greeks affirmed their confidence in the new Prime Minister as a guardian of Greek custom, culture, welfare and continuity.

As to what the future holds for Greece, one thing is ascertained: the Greeks will go forward as a single national unit upholding the ideals of democracy and of hope to prosperity. 

Hence, any elitist attitudes within the financing block of Greek creditors, must now adhere to the democratic will and exercise of the Greek people, and accordingly, extend to the people of the oldest democracy, all considerations applicable to the stabilizing of its debt and unimpeded access to necessary credit.