Valuation of Euro will dip if no solution emerges till 20th of july. The pound
too will feel heat, $ will strengthen. Oil will keep falling.
ATHENS, Greece – Greeks awoke Monday to the stark reality of the country's accelerating crisis — shuttered banks and ATMs with little cash — hours after they voted resoundingly to reject more austerity measures in exchange for another bailout.
The results — 61 percent voted "no," compared with 39 percent for "yes" — left the bankrupt country's future in the European Union and its euro currency uncertain.
Thousands of jubilant government supporters celebrated in Syntagma Square in front of Parliament, waving Greek flags and chanting "No, no, no!"
The margin of victory for "no" was far wider than expected. But as celebrations died down early Monday, Greece entered a second week of severe restrictions on financial transactions and faced the prospect of even limited amounts of cash drying out, with no prospect of an immediate infusion. Greece imposed the restrictions to stem a bank run after the vote was called and its bailout program expired.
A meeting between Greek Prime Minister Alexis Tsipras and the leaders of six of the seven parties represented in Parliament began at 10:30 am local time at the presidential palace.
Tsipras requested Monday's meeting shortly after the austerity referendum results showed a clear victory for the "no" camp. He said he aimed to share his strategy for negotiations with creditors on a new bailout deal and call for support.
Asian markets mostly fell Monday, as economists said the markets were not expecting such a decisive "no" vote and that could send stocks downward.
#Greekcrisis #EU #Euro #Pound #Dollar #oilprice
http://www.foxnews.com/world/2015/07/06/greece-enters-uncharted-territory-after-referendum-no-vote/
too will feel heat, $ will strengthen. Oil will keep falling.
ATHENS, Greece – Greeks awoke Monday to the stark reality of the country's accelerating crisis — shuttered banks and ATMs with little cash — hours after they voted resoundingly to reject more austerity measures in exchange for another bailout.
The results — 61 percent voted "no," compared with 39 percent for "yes" — left the bankrupt country's future in the European Union and its euro currency uncertain.
Thousands of jubilant government supporters celebrated in Syntagma Square in front of Parliament, waving Greek flags and chanting "No, no, no!"
The margin of victory for "no" was far wider than expected. But as celebrations died down early Monday, Greece entered a second week of severe restrictions on financial transactions and faced the prospect of even limited amounts of cash drying out, with no prospect of an immediate infusion. Greece imposed the restrictions to stem a bank run after the vote was called and its bailout program expired.
A meeting between Greek Prime Minister Alexis Tsipras and the leaders of six of the seven parties represented in Parliament began at 10:30 am local time at the presidential palace.
Tsipras requested Monday's meeting shortly after the austerity referendum results showed a clear victory for the "no" camp. He said he aimed to share his strategy for negotiations with creditors on a new bailout deal and call for support.
Asian markets mostly fell Monday, as economists said the markets were not expecting such a decisive "no" vote and that could send stocks downward.
#Greekcrisis #EU #Euro #Pound #Dollar #oilprice
http://www.foxnews.com/world/2015/07/06/greece-enters-uncharted-territory-after-referendum-no-vote/
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