Athens, Greece (BBN)-Millions of Greeks are voting in a crucial referendum on whether to accept the terms of an international bailout.
Polling stations opened at 07:00 local time (04:00 GMT), with the first results expected on Sunday evening.
The government has urged a “No” vote, but opponents warn this could see Greece ejected from the eurozone.
Greeks appear evenly divided over the issue, according to opinion polls. Turnout is expected to be high, after a frenetic week of campaigning.
Leaders in the governing radical-left Syriza party have criticised the bailout terms as humiliating. They say rejecting the terms could give them more leverage in talks over the country’s massive debt.
“No one can ignore the determination of a people taking its destiny in its own hands,” Prime Minister Alexis Tsipras said, after casting his ballot on Sunday.

However, international creditors have warned that a “No” vote could choke off vital funding for Greek banks and lead to “Grexit – a chaotic departure from the common European currency. The “Yes” campaign has framed the vote as a referendum on Greek membership of the eurozone.
Supporters of both sides held rallies in Athens on Friday. Banks stayed shut because of capital controls imposed after the expiry of the current bailout programme.

Greek Finance Minister Yanis Varoufakis told local media on Saturday that the EU had “no legal grounds” to throw Greece out of the euro.
On the eve of the referendum, he accused Athens’ creditors of trying to sow fear around the vote. He told Spain’s El Mundo newspaper (in Spanish): “Why did they force us to close the banks? To instil fear in people. And spreading fear is called terrorism.”

Varoufakis said that the banks in Greece would reopen on Tuesday whatever the outcome and that Greek Prime Minister Alexis Tsipras would still reach an agreement with creditors if the result was “No” in the referendum.
Meanwhile, German Finance Minister Wolfgang Schaeuble, one of Greece’s harshest critics, suggested that if Greece were to leave the eurozone, it might only be temporary.
“Whether with the euro or temporarily without it: only the Greeks can answer this question,” he told the German newspaper Bild. “And it is clear that we will not leave the people in the lurch.”

“Must the agreement plan submitted by the European Commission, the European Central Bank and the International Monetary Fund to the Eurogroup of 25 June, 2015, and comprised of two parts which make up their joint proposal, be accepted? The first document is titled “reforms for the completion of the current programme and beyond” and the second “Preliminary debt sustainability analysis”.
Voters must check one of two boxes – “not approved/no” or, below it, “approved/yes”
Voices from a Greek island
The question that makes (almost) no sense
Tens of thousands of people attended rival rallies urging “Yes” and “No” votes on Friday night.
Tsipras told supporters Greece needed to “say a proud ‘No’ to [European] ultimatums” to sign up to fresh austerity.
He also used similar language to Varoufakis, urging Greeks to say no to “the campaign of terror”.
He denied a “No” vote would mean leaving the European Union – though opponents said they believed Tsipras could not deliver on such a promise.
Electoral workers have been racing to get polling stations ready in time, with army helicopters being used instead of boats to rush ballot papers to the islands.
Several European officials have complained in strong terms about Greece’s abrupt decision to hold a referendum on the terms of a bailout offer they say is no longer on the table.
Greece’s left-wing Syriza government was elected in January on an anti-austerity platform.
The European Commission, the European Union’s executive arm – one of the “troika” of creditors along with the International Monetary Fund and the ECB – wants Athens to raise taxes and slash welfare spending to meet its debt obligations.
VAT (SALES TAX): Alexis Tsipras accepts a new three-tier system, but wants to keep 30 per cent discount on the Greek islands’ VAT rates. Lenders want the islands’ discounts scrapped
PENSIONS: Ekas top-up grant for some 200,000 poorer pensioners will be phased out by 2020 – as demanded by lenders. But Tsipras says no to immediate Ekas cut for the wealthiest 20 per cent of Ekas recipients
DEFENCE: Tsipras says reduce ceiling for military spending by €200m in 2016 and €400m in 2017. Lenders call for €400m reduction – no mention of €200m