The Greek finance minister says he’d rather cut his arm off than sign a deal that doesn’t include debt relief
Greek Fin Min @yanisvaroufakis won't sign deal without debt restructuring. #GreeceCrisis http://t.co/C6Qf4aQdLz pic.twitter.com/gbgHrr1ksD
— Bloomberg TV (@BloombergTV) July 2, 2015
Latest betting odds on the Greek referendum. pic.twitter.com/nAOfZvhB2u
— TSE (@TSEofPB) July 2, 2015
The betting markets seem to believe that Yes will win, but I suspect whatever the outcome either the Greek government or the Euro in Greece will be gone shortly after the referendum result is announced. This might lead to the government, money, people and businesses wanting to get out of Greece like a bat out of Hellas, it won’t be just a flesh wound for Greece.
All of this is just a few days before George Osborne presents his summer budget