I don't know. I'm expecting a yes vote, which ain't gonna be good for Greek Prime Minister Alexis Tsipras.
Here: "Voting Begins in Greece Referendum."
BONUS: "Greek Crisis: EU Warns of Armageddon If Voters Reject Terms."
Sunday 5 July 2015
Greek Referendum Begins
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If the "Yes" side comes out on top I think we'll see the government collapse, an interim government will make more bailout agreements with the ECB and the rest of the financial players; agreements everyone in the room will know are temporary patches, at best. Greek economic disintegration will be delayed by a few years.
If the "No" side wins the government stays in power for a little while, the economy that has been circling the drain for years will finally get flushed. There will be a couple of years of economic devastation, social upheaval, and probably some violence. Eventually Greece returns to normal and the Drachma gets traded internationally again.
Third alternative: The Chinese Army Credit Union bails out Greece. We get treated to a NATO ally hosting Chinese military ships in the Med.
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