— TSE (@TSEofPB) June 27, 2015
Very surreal atmosphere in press room here in Brussels. One journalist in tears. Most reporters shocked euro rupture is happening. #Greece
— Ed Conway (@EdConwaySky) June 27, 2015
It appears, unsurprisingly, that all the bookies have suspended their markets on the outcome of the referendum and Greek exiting the Euro after this announcement
This is all happening eleven days before George Osborne’s presents his emergency budget, it might strengthen his case for austerity, it may also end the clamour for tax cuts, particularly the top rate of tax is unlikely to be cut from 45% given the wider economic mood.