Counting of votes in the Greek referendum is around two-thirds of the way through and results so far show Greeks want no part in further Euro bailout plans and unpopular economic reforms.
The result is not the one markets were expecting, with many analysts and market commentators expecting Greece to vote 'Yes' to continued European support in repaying its billions of dollars in debt.
What happens now is unchartered territory. Greece has technically defaulted on its debt repayment due last week. What that means to the countries and European banks that hold Greek debt remains to be seen, but it could be regarded as worthless. Whether it means Greece gets dropped from the Eurozone and goes back to using Drachmas is also up in the air. But given the breakdown in talks between European governments and Greece in the last week suggests many European countries have had enough and are prepared to see their southern neighbour kicked out of the Eurozone.
Analysts have predicted the chances of that occurring are 75%, but really that's just a wild guess. No one has a clue what will happen from here.
The Greek ruling party and Greek Prime Minister Alexis Tsipras seem to expect the country to remain in the Euro, with the recent vote strengthening their bargaining power with the rest of Europe. Unfortunately, that's unlikely to be the case.
There is one thing we can be certain of though, more volatility in the markets, so prepare for rough seas Fools!
