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What ‘No’ Means After Greece’s Referendum
Of prime concern is the country’s banking system, which is running out of money
by Stratfor Analysts
Market Watch
The Greeks have voted “no.”
After a week of speculation, rumors, threats, and pro- and anti-agreement demonstrations, 61% of Greeks voted against the terms that the country’s creditors requested in exchange for additional funding. It is a victory for the ruling Syriza party, which campaigned for the “no” vote, but one that will probably come at a high price for Greece. While Prime Minister Alexis Tsipras said he would return to the negotiation table to reach an agreement with the creditors, most governments in the eurozone have said they would not offer better conditions for Athens. More important, the referendum’s result will create even more uncertainty about the future of the country’s banking sector.
Continue Reading at MarketWatch.com…
Source: http://financialsurvivalnetwork.com/2015/07/what-no-means-after-greeces-referendum/?utm_source=rss&utm_medium=rss&utm_campaign=what-no-means-after-greeces-referendum
