Greece Votes NO in Referendum Against Austerity as EU Crisis Escalates!

This day has been anticipated for quite some time as the Greek people would decide whether to give into creditor demands or to reject them and attempt to evade the debt altogether. As the vote came in “NO”, Greece is now left with the decision of how to proceed in order to keep the Euro but somehow diminish their debt.

Will there be another bailout to kick the can down the road yet again?

Sources:
“In Rebuke to Europe, Greeks Vote Resounding ‘No’ to Bailout Terms – WSJ”
http://www.wsj.com/articles/polls-clo…
“Merkel to Meet Hollande as Greece Told to Make Next Move – Bloomberg Business”
http://www.bloomberg.com/news/article…
“Greece Referendum: Alexis Tsipras Hails Anti-Austerity Vote – Bloomberg Business”
http://www.bloomberg.com/news/article…
“News from The Associated Press”
http://hosted.ap.org/dynamic/stories/…
“Greece ‘No’ Vote Hits Euro to U.S. Futures Amid Flight to Safety – Bloomberg Business”
http://www.bloomberg.com/news/article…

Countdown: Greece Has 5 Days for GREXIT or BAILOUT!

Greece has been given 5 days to choose either a GREXIT or a BAILOUT. Additionally, the IMF stated that despite the default on their loan last week, Greece can get a bailout from them if needed.

Will Greece take the BAILOUT or a GREXIT?

Sources:
“Greece debt crisis: Angela Merkel and Francois Hollande issue Athens with 24-hour ultimatum to avoid crashing out of the euro – Europe – World – The Independent”
http://www.independent.co.uk/news/wor…
“Euro zone gives Greece until Sunday for debt deal | Reuters”
http://www.reuters.com/article/2015/0…
“”This is the most critical moment in our history” – five days to save Greece from the abyss warn European leaders – Telegraph”
http://www.telegraph.co.uk/finance/ec…
“Greece Given Until Sunday to Settle Debt Crisis or Face Disaster – The New York Times”
http://www.nytimes.com/2015/07/08/bus…
“Europe gives Greece 5 days to avoid bankruptcy – The Washington Post”
http://www.washingtonpost.com/world/w…
“Eurozone struggles to find joint response to Greek referendum | Business | The Guardian”
http://www.theguardian.com/business/2…
“Markets prepare for new Greek currency as Grexit prospect grows – FT.com”
http://www.ft.com/intl/cms/s/0/3c8ddd…
“One in Five Americans Participates in Government Assistance Programs Each Month | Washington Free Beacon”
http://freebeacon.com/issues/one-in-f…
“Harvard: Home ownership at 20-year low, blacks suffer most | Washington Examiner”
http://www.washingtonexaminer.com/har…

(The Money GPS)

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