Greece voting turnout described as triumph for democracy

The outcome will influence the way Greece will be negotiating its survival with its partners and creditors.

A screengrab shows Greek Prime Minister Alexis Tsipras addressing the nation in Athens on 1 July 2015. Picture: AFP.

JOHANNESBURG - Greece Prime Minister Alexis Tsipras has described the turnout of voters in Athens as a triumph for democracy.

The state will decide whether or not it will leave the Eurozone or accept an economic bailout.

At least 11 million people are expected to cast their vote throughout the day.

The outcome will influence the way Greece will be negotiating its own survival with its partners and creditors.

The outcome could see Greece exit from the Eurozone after it defaulted on its debts last week.

Despite the current financial crisis Tsipras has rallied the public to vote against the terms of a bailout package and says he is confident that people will vote no.

Millions of Greeks are voting in a high stakes bailout referendum to decide on the financial future of the country.

Today's outcome will influence the way Greece will be negotiating its own survival with its partners and creditors.

The Greeks have been called to decide whether a bailout programme based on even more painful austerity should be accepted at all costs or whether Greece should have the right to have a say at the kind of reform it needs in order to attain growth within the Eurozone.

The future of the Eurozone and Greece is in the balance and the referendum has been staged in a climate of capital controls, closed banks and the threat of an Armageddon with the much-feared exit.

The vote is too close to call, although according to certain unofficial polls, the Nos are marginally ahead of the YESs.

Casting his vote, Tsipras urged the voters to say NO to a future of no dignity and what he calls the humiliating terrorism of European austerity hardliners.

Polls close at 6pm South African time and the first official projection of the result is expected at 8pm.