As Greece approaches the referendum on Sunday July 5, there is complete uncertainty as to whether “yes” or “no’ will be voted for and what the ramifications of such a vote will mean. Meanwhile, PayPal, Western Union and Paysafe have also shut down as a result of capital controls.
Greece has already become the first developed country to default on an IMF loan to the tune of €1.5 billion. In recent days, there has been back and forth between the EU and Tsipiras, and many heated discussions leaving many to guess the next steps. There is even a splintering within Syriza to top it all off.
The latest poll commissioned by Bloomberg News shows that Greeks are in dead heat on the referendum vote with 43% intending to vote “no” to reject the austerity demanded by creditors in exchange for financial aid while 42.5% back a “yes” to accept the conditions. The survey was comprised of 1,042 people with a 3% margin of error.
This leaves much uncertainty as to the next steps and what currency would be used as a result following a Grexit. It has been reported that Greek Banks are Read more ... source: Cointelegraph