Solid turnout seen so far in Greek bailout vote

With less than four hours of voting to go, Greeks are turning out in solid numbers to vote on their financial future.

Private Mega TV channel says turnout has been markedly high, now standing at 35 percent, and lines have been seen at polling stations in Athens. Turnout must be above 40 percent for the referendum to be valid.

High turnouts are normal in Greece because voting is mandatory — although that law has not been enforced in recent years.

In the country's first referendum since 1974, Greece's 9.8 million voters are choosing Sunday whether to accept demands by international creditors for more austerity measures in return for bailout loans.

Meanwhile, Germany's foreign minister says a 'no' vote in Greece's austerity referendum won't make a future compromises with the country's creditors easier — "on the contrary."

Still, Foreign Minister Frank-Walter Steinmeier says Greeks have a right to vote on the future of their country and Greece will remain a member of the 28-nation European Union even if the referendum rejects the austerity demands being made of Greece by international creditors.

Steinmeier told Berlin's Tagesspiegel am Sonntag newspaper that the debt situation in Greece, the unsolved problem of how to handle tens of thousands of migrants flooding in across the Mediterranean and Britain's demands for EU reforms are straining the EU's foundations.

He warned Sunday that a "Grexit" — Greece dropping out of the common euro currency used by 19 nations— would harm Europe's credibility in the world.