Greece parties after referendum decision on July 5

Greece parties after referendum decision on July 5

By Vlad Savov / @vladsavov

Jul 6, 2015, 2:18 PM UTC|

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More than anything, the referendum offered a cathartic moment for a country that’s been under economic pressure for over half a decade. Greece has been one of the hardest-hit victims of the global economic crisis of 2008, and is presently deeply indebted to a number of international organizations that have helped it avoid defaulting on its national debt. In order to appease those creditors, the country has already instituted numerous reforms and spending cutbacks, but its new Syriza-led government has spent most of this year locked up in unproductive efforts to renegotiate the terms of its loans. (Photo credit: LOUISA GOULIAMAKI / Getty Images)