Greek Crisis Escalates

Volatility to Remain High

June 30, 2015

  • Greece’s PM received parliamentary approval to hold a referendum on July 5th over its creditors’ proposed bailout deal (more financing for more reforms).
  • The Greek government will campaign for a ‘No’ vote.
  • The creditor group has released the outline of its latest bailout proposal. Greece has asked for an extension on its bailout program of a few weeks which has been rejected thus far.

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