Greek voters have overwhelmingly turned down the terms of an international bailout in a historic rejection of austerity. With a margin of 61 to 39 percent, Greeks voted no to further budget cuts and tax hikes in exchange for a rescue package from European creditors. Polls had indicated a narrow vote, but the "no" side swept districts across the country. Thousands of people flocked to Athens’ Syntagma Square Sunday night in celebration. In voting against austerity, Greek voters have rejected measures that helped cripple the economy, but also turned down a financial lifeline for its struggling banks. The banks will remain closed today as the European Central Bank meets to consider new emergency loans. Tsipras says he will seek a new round of talks with creditors in which restructuring Greece’s $267 billion debt is on the table. In a surprise move, Greek Finance Minister Yanis Varoufakis announced his resignation today, saying Greece’s creditors no longer want him involved in the talks. Varoufakis said, "I shall wear the creditors’ loathing with pride." We are joined by Costas Panayotakis, author of "Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy" and professor of sociology at NYC College of Technology at CUNY.
As South Carolina state lawmakers begin debate on whether to remove the Confederate flag from the grounds of the state Capitol in Columbia, we are joined by Bree Newsome, the 30-year-old African-American woman who took down the flag herself. On June 27, 10 days after the Charleston massacre and one day after the funeral for the Rev. Clementa Pinckney, Newsome scaled the 30-foot flagpole at the state Capitol and took the flag in her hand. "I come against you in the name of God!" Newsome said. "This flag comes down today!" As soon as she reached the ground, she and fellow activist James Tyson were arrested. The protest went viral and was seen around the world. Newsome and Tyson join us to discuss their action in an extended interview.
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