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Referendum in Greece appears to be tossup

A demonstrator raises his hand reading the word “No” as a Greek flag waves during a rally organized by supporters of the No vote in Athens on Friday. (Associated Press)
A demonstrator raises his hand reading the word “No” as a Greek flag waves during a rally organized by supporters of the No vote in Athens on Friday. (Associated Press)
Derek Gatopoulos Associated Press

ATHENS, Greece – Greeks packed city squares for dueling rallies late into the night Friday, as polls showed a dead heat between the “yes” and “no” camps ahead of a bailout referendum Sunday that could be Greece’s most important vote since it joined the European Union.

More than 40,000 people gathered at the two rallies, half a mile apart, before Sunday’s vote on whether to accept creditors’ proposals for more austerity in exchange for rescue loans, or reject the deal as a show of defiance against years of harsh economic austerity.

“This is not a protest. It is a celebration to overcome fear and blackmail,” Greek Prime Minister Alexis Tsipras told a crowd of 25,000 in front of parliament, who were chanting “oxi, oxi” – “no, no.” Tsipras angered Greece’s creditors by calling the referendum and is urging Greeks to vote no.

Meanwhile, police said about 17,000 people gathered outside the nearby Panathenian stadium for the “yes” rally, waving Greek and European Union flags and chanting “Greece, Europe, Democracy.”

Rallies for both campaigns were also held in 10 other Greek cities Friday.

Tsipras is gambling the future of his 5-month-old left-wing government on Sunday’s snap poll – insisting a “no” vote will strengthen his hand to negotiate a third bailout with better terms.

But the high-stakes standoff with lenders this week saw Greece default on debts, close banks to avoid their collapse, and lose access to billions of euros as an existing bailout deal expired.

The drama remained high in the final hours of campaigning.

The country’s top court stayed in session till the late afternoon before rejecting a petition to declare the referendum illegal, while party leaders, personalities and church elders weighed in on the airwaves and social media with impassioned pleas to vote “no” or “yes.”

In a rare public declaration, 16 former armed forces leaders wrote an appeal to citizens to show “calm and national unity.”

A series of polls published Friday at the end of a frantic weeklong campaign showed the two sides in a dead heat, with an incremental lead of the “yes” vote well within the margin of error.

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