Early polls suggest the Greeks are leaning against voting for the bailout package the European Commission had offered last week. The package is no longer on the table but a no vote will nonetheless make negotiations much more difficult. The Financial Times is reporting that the government may raid small deposits and take haircuts.
Bloomberg reports on the early polls:
With a fifth of votes counted, 61 percent of Greeks backed Prime Minister Alexis Tsipras by voting “no” to the latest proposals for spending cuts and tax hikes. Some 39 percent voted to appease creditors, according to early results from the Interior Ministry in Athens.