It is interesting that only 62% of the population voted. Given the current state of Greece you would think the turnout would have been higher. Even if it was for a referendum which was going nowhere irrespective of the outcome. Talk of debt forgiveness is premature. Greece have gone backwards from last October when they were forecasting for 2015 a 2.9% increase in GDP, a further reduction of unemployment and the debt/GDP ratio dropping to 160%. The current Greek government appears to be determined to run the country into the ground and are doing so while demanding acclaim for "standing up" to the creditors. As to who will have to swallow any debt forgiveness, their nearest neighbours will be worst affected (Malta, Spain, Italy et al) but they themselves will bankrupt their own banks. There is a sizeable lump of cash that the Greek government owes Greek banks and those banks will not be able to absorb any haircut on that.