A supporter of the 'No' vote shouts slogans as the kiosk reading "Greece can, NO" in Athens, Sunday, July 5, 2015. (AP/ Petros Giannakouris)
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European leaders were scrambling for a response Monday after a resounding "No" from Greek voters in a momentous referendum on austerity which could send the country crashing out of the eurozone.German Chancellor Angela Merkel was to meet with French leader Francois Hollande in Paris after Greece overwhelmingly rejected international creditors' tough bailout terms Sunday. European leaders had reacted with a mix of dismay and caution to the figures released by the Greek Interior Ministry early Monday showing the final tally in the referendum at 61.31 percent "No" and 38.69 percent "Yes," with turnout at 62.5 percent.In a televised address after the referendum, Tsipras insisted the vote did not mean a break with Europe.Tsipras said the creditors -- the ECB, the EC and the International Monetary Fund (IMF) -- would now finally have to talk about restructuring the massive, 240-billion-euro ($267 billion) debt Greece owes them.Greece was officially declared in default on Friday by the European Financial Stability Facility, which holds 144.6 billion euros ($160 billion) of Greek loans.If the ECB does not inject emergency euros into Greece's banks in the next one or two days, more businesses will go belly up and ordinary Greeks will suffer.
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