EU leaders to discuss Greek referendum result.

Greece's Prime Minister says the referendum result gives him the authority to negotiate a better deal for his country – and has denied it means they'll be forced to leave the Eurozone.

There were triumphant scenes in Syntagma Square last night as over 61 per cent of Greeks voted to reject bailout terms that would continue to bring them on a path of austerity for several years to come.

The turnout was also a resounding 63 per cent

The Syriza-led government had called for a no vote; arguing this would strengthen its hand in negotiations with the troika and that they could then strike a deal for fresh funding in resumed negotiations armed with a mandate to do so from the people.

The question now is whether Eurozone countries will see things differently and engage with Greek demands for easier conditions.

Relations between the Greek and Eurozone governments are at an all time low, and sources say any goodwill towards it has evaporated, but Prime Minister Alexis Tsipras insists the result is for a better solution and not the mandate of a rupture with Europe,

Meanwhile Greek ATM’s are running dangerously low on cash reserves as banks, which have been closed for a week now await a decision by the ECB today for emergency liquidity assistance – either way they are unlikely to reopen any time soon.