Congratulations , Greece.
Figures published by the Greek interior ministry indicated 61% of those whose ballots had been counted voting "No", against 39% voting "Yes".
The statement of the Eurogroup President following the referendum was "I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece. For recovery of the Greek economy, difficult measures and reforms are inevitable. We will now wait for the initiatives of the Greek authorities. The Eurogroup will discuss the state of play on Tuesday 7 July." Lack of reconciliation was writ large on a terse statement.
The euro has quite a South road to traverse. As predicted here, Australian dollar started the rout. Commodity prices will fall. Oil and Gold should follow commodity prices south.Yen may hold on. The dollar is the king. Chinese turmoil may accelerate falls. It is a long day for the short of it.
Without any risk or responsibilty."
Figures published by the Greek interior ministry indicated 61% of those whose ballots had been counted voting "No", against 39% voting "Yes".
The statement of the Eurogroup President following the referendum was "I take note of the outcome of the Greek referendum. This result is very regrettable for the future of Greece. For recovery of the Greek economy, difficult measures and reforms are inevitable. We will now wait for the initiatives of the Greek authorities. The Eurogroup will discuss the state of play on Tuesday 7 July." Lack of reconciliation was writ large on a terse statement.
The euro has quite a South road to traverse. As predicted here, Australian dollar started the rout. Commodity prices will fall. Oil and Gold should follow commodity prices south.Yen may hold on. The dollar is the king. Chinese turmoil may accelerate falls. It is a long day for the short of it.
Without any risk or responsibilty."
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