Is it in or out?

By now you will know the result of the Greek referendum yesterday (Sunday) – and whether it’s the dreaded “Grexit” or will the vote have swung to an acceptance of the demands of fiscal austerity.

This latter would be attached to further capital access from the troika negotiating Greek debt provisions, which consists of the EU finance ministers, the European Central Bank (ECB) and the International Monetary Fund (IMF).

On the other (and extreme) end of the spectrum, there’s the possibility that Greece could default on its billions in bailout debt and break free from the euro. This is the dreaded Grexit.

So, which way has it gone? With a “yes” vote from the Greek populace, Prime Minister Alexis Tsipras of the leftist Syriza ruling party has said he will resign, making way for agreements with European finance chiefs that could sooth turbulent European bond markets.

With a “no” vote, however, the crisis could deepen - or come to breaking point.

Source: International Business Times and others