Greeks vote "OXI" (NO!) | Bangkok Post: learning

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Greeks vote "OXI" (NO!)

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A final tally showed 61.31 percent of Greek voters decisively rejecting a bailout in a momentous referendum on austerity. Now the question is whether or not the country can stay in the eurozone and if it can't, how will it survive economically?

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People shout slogans in front of the White Tower, city's landmark, in Thessaloniki on July 5, 2015, after early results showed those who rejected further austerity measures in a crucial bailout referendum were poised to win. Over 61 percent of Greek voters on July 5 rejected fresh austerity demands by the country's EU-IMF creditors in a historic referendum. AFP PHOTO /Sakis Mitrolidis

This is a fast-moving story and there will likely be updates as reaction to the vote continues to come in. Can Greece stay in the eurozone? And when the celebrations are over in Greece, will the banks reopen?

Greeks vote "OXI" (NO!)

A woman celebrates at Klafthmonos Square in Athens on July 5, 2015 after the first exit-polls of the Greek referendum. AFP PHOTO / IAKOVOS HATZISTAROU

Athens, Paris, Brussells, AFP – A final tally showed 61.31 percent of Greek voters decisively rejecting a bailout in a momentous referendum on austerity, official results released early Monday by the interior ministry showed.

Participation stood at 62.5 percent, with 38.69 percent voting "Yes" to the reforms put forward by the country's creditors. Prime Minister Alexis Tsipras' radical left-wing government had called for a "No" vote in the referendum.

Thousands of Athenians gathered in central Syntagma Square to celebrate the result, despite warnings that failure to reach a deal with the creditors could trigger a Greek exit from the eurozone.

"I'm so happy," said 37-year old Dima Rousso, adding that she hadn't expected there to be such a clear margin between the 'No' votes and the 'Yes' votes.

"This is Europe's chance to become what it should have been in the beginning," she said.

"Together we have written a bright page in modern European history," an elated Prime Minister Alexis Tsipras told the nation in a televised address.

"This is not a mandate of rupture with Europe, but a mandate that bolsters our negotiating strength to achieve a viable deal," he added

A handout photo from the Prime Ministers Office, Greek Prime Minister Alexis Tsipras speaks during a televised address to the nation late in Athens on July 5, 2015. The European Commission "respects" the result of the Greece bailout referendum, it said in a short statement, after Greek voters overwhelmingly rejected terms offered by international creditors. AFP PHOTO / Prime Minister's Office/ Andrea Bonetti

Now, Europe faces a near impossible choice between giving debt-laden Greece a chance or pushing it out of the euro and risking global turmoil, analysts said Sunday, after Greek voters overwhelmingly rejected international creditors' terms.

Berlin, Paris and Brussels all warned in the run-up to Sunday's referendum that a 'No' vote to the EU-IMF reform demands was a 'No' vote for the single currency and a return to the drachma (the former Greek currency).

Some analysts say the cold reality of a possible "Grexit" may make some leaders agree with Prime Minister Alexis Tsipras that the shock result does not necessarily have to mean a break with Europe.

"EU member states will give Greece another chance, but there is very little time and this will really be the last chance," Nicolas Veron of the Bruegel think tank in Brussels told AFP.

Jeroen Dijsselbloem, leader of the Eurogroup of eurozone finance ministers, who had warned ahead of Sunday's crunch referendum a 'No' vote would likely lead to Greece exiting the single currency, termed the result "very regrettable".

"I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece," the Dutch finance minister said in a statement.

German Economy Minister Sigmar Gabriel: Greece has "torn down the bridges" between Greece and Europe and new negotiations are "difficult to imagine". AFP PHOTO / ODD ANDERSEN

Germany's vice chancellor Sigmar Gabriel took an even dimmer view of the message sent by austerity-addled Greeks after they rallied to a call by Prime Minister Alexis Tsipras for a boosted mandate to pursue a more lenient debt deal that includes debt forgiveness.

Leading the reaction from Germany, Gabriel, who heads the centre-left Social Democratic Party that shares power with Chancellor Angela Merkel's Christian Democrats, accused Tsipras of having "torn down the last bridges which Europe and Greece could have crossed to find a compromise."

Learn from listening

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Vocabulary:

addled (adj): confused; unable to think clearly - สับสน; ไม่สามารถที่จะคิดอย่างชัดเจน

address : a formal speech - คำปราศรัย

analyst : a person whose job involves examining facts or materials in order to give an opinion on them - นักวิเคราะห์

austerity (noun): a situation when people do not have much money to spend because there are bad economic conditions - นโยบายประหยัดอย่างเข้มงวด

bailout : a set of actions or programmes designed to help a business that is in danger of failing - การฟื้นเศรษฐกิจ แผนการช่วยเหลือธุรกิจ

bolster : to make something stronger or more effective - ทำให้เข้มแข็ง

boost : to increase; to strengthen - เพิ่ม; ทำให้มีกำลังมากขึ้น

chancellor (noun): the official title of the leader of government in some countries such as Germany or Austria -

commission : an official group of people who have been given responsibility to control something, or to find out about something, usually for the government - คณะกรรมการ, คณะกรรมาธิการ

compromise : a way of solving a problem or ending an argument in which both people or groups accept that they cannot have everything they want - ประนีประนอม

creditor : someone to whom money is owed - เจ้าหนี้

crucial (adj): extremely important because it effects the result of something - สำคัญยิ่ง

crunch (noun): an important, decisive and often unpleasant situation or piece of information - ภาวะวิกฤต, ซึ่งมีลักษณะชี้ขาด

currency (noun): the system of money, usually, but not always, that a country uses - เงินตรา

deal (noun): a formal agreement, especially in business or politics - ข้อตกลง, การตกลงซื้อขาย, การซื้อขาย

debt (noun): an amount of money that you owe - หนี้, นี้สิน

debt forgiveness (debt): allowing someone not to have to repay a debt - ไม่ให้มีการชำระหนี้

decisively : in a strong, conclusive way   - อย่างแน่นอน, อย่างเด็ดขาด

demand : a very firm request for something - ข้อเรียกร้อง, การเรียกร้อง

elated (adj): very happy and excited because of something good that has happened, or will happen - ซึ่งมีความสุขมาก, ชื่นใจ

eurozone : all the countries of Europe that are in the European Union and use the same currency -

exit : leaving - การออก

finance minister (noun): the minister in charge of managing the country's money กระทรวงการคลัง - รัฐมนตรีกระทรวงการคลัง

gather (verb): to come/bring together in a group - รวมกลุ่ม, รวมตัวกัน, จับกลุ่มกัน, ชุมนุม

global : throughout the world - ทั่วโลก

historic : of historical importance - ที่สำคัญในประวัติศาสตร์

imagine : to form a picture of something or someone in your mind - นึกคิด, จินตนาการ, นึกฝัน

interior ministry (noun): a ministry with responsibility a wide variety of local government agencies and functions, e.g., the police, local administrations, internal security, citizenship, disaster management, land management, issuing national identity cards and public works, etc. - กระทรวงมหาดไทย

laden : carrying something heavy, or supporting the weight of something heavy - บรรทุกสิ่งของหนัก

landmark : a building or place that is easily recognised, especially one which you can use to judge where you are - สถานที่ที่เป็นจุดสังเกต

left-wing (adj): the part of a political party or system whose members are most in favour of social change - ฝ่ายซ้าย (กลุ่มหรือพรรคการเมือง)

lenient : not strict; not giving someone as strong a punishment as you could - ลงโทษสถานเบา หรือให้ความเมตตา

mandate : given the authority to do something; ordered to do something - มอบอำนาจ (ให้ทำบางสิ่ง), ให้อำนาจ, บังคับ

margin : the amount by which a competition/election is won - จำนวนที่เกิน

measures : actions that are intended to achieve or deal with something - มาตราการ

momentous : very important  - ที่สำคัญยิ่ง

negotiate : to try to reach an agreement by discussing something in a formal way - เจรจาต่อรอง

negotiations : formal discussion in which people or groups try to reach an agreement - การเจรจาต่อรอง

not necessarily : possibly true but not definitely or always true -

outcome : a result - ผล

overwhelmingly : by a very large amount or margin - อย่างท่วมท้น

participation : to take part in or become involved in an activity - การมีส่วน

poised : ready for action - พร้อม, พร้อมสำหรับการกระทำ

pursue : to try to achieve something - ดำเนินตาม, พยายามเพื่อให้ได้มาซึ่ง

radical : of someone who believes that important political or social changes are necessary and willing to take extreme actions to make them happen - หัวรุนแรง

rally : to join other people in order to support someone or something when they are having problems - รวมตัวกันเพื่อสนับสนุน หรือประท้วง

reaction : the way something responds as a result of something that happens - ปฏิกิริยา การตอบสนอง, ปฏิกิริยาตอบโต้

reality : what is actually happening - ความเป็นจริง

referendum : an occasion when all the people of a country can vote on an important issue - การลงประชามติ

regrettable (adj): that you are sorry about and wish had not happened - น่าสลดใจ, น่าเศร้าใจ

reject : to not accept something - ปฏิเสธ ไม่ยอมรับ

release : to make known to the public - เปิดเผย, ให้ข่าว, ปล่อยข่าว

respect : to accept the importance of something; to act according to a rule or law - เคารพ

run-up : a period of time leading up to an important event; the preparation for this -

rupture : to be broken or burst apart - แตก, ฉีกขาด, แตกออก,

shock : a strong feeling of surprise as a result of something happening, especially something unpleasant; the event that causes this feeling - ช็อค, ความสะดุ้ง, อาการช็อค

slogan : a short easily remembered phrase, especially one used to advertise an idea or a product - สโลแกน

state : country - ประเทศ

take a dim view of (idiom): to disapprove of somebody/something; to not have a good opinion of somebody/something - ไม่เห็นด้วย, ไม่ยอมรับ,

take note (verb): to pay attention to something and be sure to remember it - รับทราบ, ติดตาม

tally : a record or count of a number of items - การบันทึกจำนวน

terms : conditions; requirements - ข้อกำหนด

think tank : an organization that does research to help the government or companies with their work - คณะทำงานระดับมันสมอง, กลุ่มคนที่ทำงานเกี่ยวกับการวิจัย, คณะวิจัย

trigger : to cause - ก่อให้เกิด กระตุ้น

turmoil : a state of uncontrolled activity - การจราจล ความไม่สงบ

update : the most recent information or news about something - ข้อมูลใหม่ๆ

viable : able to work as intended or able to succeed - ซึ่งใช้การได้ (แผนการ, คำแนะนำ) ซึ่งประสบผลสำเร็จได้

vice- (pref): the second person in charge of and managing an organization - รอง

warning : an action or statement telling someone of a possible problem or danger - การเตือน

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