Prime Minister Alexis Tsipras has said Greeks made a “brave choice” in voting to reject the terms of an international bailout in Sunday’s referendum, the BBC reports.

Thousands celebrated in the streets after hearing the final result was 61.3% “No”, against 38.7% “Yes”.

But European officials warned that it could see the country ejected from the eurozone and the euro fell across the board in Asian markets on Monday.

Greece’s finance minister, who often clashed with creditors, has resigned.