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Greeks vote NO, page-4

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dan1

19,314 Posts.

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06/07/15

06:27

Post #: 15584427
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Originally posted by grandcaruso ↑

Tourism has already dropped off with the capital controls. Maybe the tourists will have to barter like the locals for food and accommodation.

Like normal I don't think the Greeks have thought this out well. They will survive but the next 5 years will be hell if they end up defaulting and leaving the EZ. An extremely competent government would struggle to recapitalise the banks and bring back a currency that hasn't been used for over a decade. This government has no chance at getting it anywhere near right. Wait for them to raid the savings and pension funds first. Then tax anything that has a pulse. See how popular they are after all that.

German futures down close to 4%, FTSE 2%. Could be a very interesting week.

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' German futures down close to 4%, FTSE 2%. Could be a very interesting week.'

Chinese investigation into short selling and market manipulation will also add to that interest
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