Monday, July 13, 2015

What will Greece do next ?

Now that the Greek people have overwhelmingly rejected the terms of the creditors’ proposed cash-for-reforms deal, either a new (short-term) deal will be reached by July 20 (when Greece is due to pay off €3.5 billion in bonds to the ECB) or the government will default on another key institution, dramatically raising the odds of "Grexit" once again.