Three opinion polls carried out during Greece’s bailout referendum, which could affect the country’s future in the eurozone, indicate the “no” vote will win.
United States stocks fell on Monday, taking their cue from a downbeat session in Europe, while government bond prices rose, following Greek voters’ overwhelming rejection of the country’s latest bailout terms.
Prime Minister Alexis Tsipras called the referendum last weekend, asking Greeks to decide whether they should accept creditor reform proposals in return for bailout funds.
The head of the grouping of Euro zone finance ministers, Jeroen Dijsselbloem, has said that a “No” vote in the Greek referendum on bailout terms will not provide the country with an easy way out of its debt crisis.
The stark warning followed what were described as serious and candid talks Tuesday in Brussels between Greek Prime Minister Alexis Tsipras and other European leaders, including German Chancellor Angela Merkel.
That is hardly news since almost everything Greece does disappoints those leaders, but this time it was more frustrating than usual. In private however members of his government are gloomy.
On Tuesday, the office of the Greek Prime Minister said that Greece remains at the negotiating table, and that the government has proposed a two-year deal with Europe’s bailout fund. The eurozone’s top official, Jeroen Dijsselbloem, said that the 19 finance ministers...
Many Greeks were celebrating on Sunday night after the nation voted to reject the terms of a bailout offer from its worldwide creditors, which would have provided further loans to bolster the country’s flailing economy in exchange for additional austerity measures.