Greeks Say No To Bailout In Landslide Referendum

Staff Writers Of ChristianMoney.com

For those not following the soap opera of the Greek financial collapse, today was a very eventful day. In a shocking move, Greeks said no thanks to more financial cuts in exchange for additional aid. Reports are that more than 60 percent of Greeks voted no.

The country's banks were scheduled to open on Monday after a week long bank holiday. There is no word now as to how the failed referendum will affect the banks plans to reopen their doors.

As Greece runs out of cash, financial analysts continue to repeat the mantra that we are 'in uncharted territory.' The financial collapse of Greece is seen as historic since no developed country has ever been through a collapse of this magnitude. For now, Greeks seem to be thrilled with their decision, as reports of celebrations in the streets are crossing the European newswires. Full Associated Press report here.

Programming Note: The Greek vote will be discussed on tonight's broadcast of Jim Paris Live at 9 pm Eastern.