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4:13 PM
“Greek people are hereby asked to decide

Greeks are being asked to vote on whether

Greeks celebrate over historic ‘NO’ win in bailout Referendum<br>05 Jul 2015, Athens, Attica, Greece --- Athens, Greece. 5th July 2015 -- Greeks celebrate in Athens over the historic ‘No’ vote win in the country’s bailout referendum. -- Despite a controversial and tough week in Greece, with closed banks, capital controls and endless debates, the majority of Greeks voted ‘No’ in the Referendum, hopefully starting a new cycle of negotiations with the IMF and better bailout terms. --- Image by © Stathis Kalligeris/Demotix/Corbis

 

 

 

“Greek people are Those citizens who

accept the institutions’ proposal vote Approved / YES.’’

 

Scenario 1: “Yes” – Then a Third Bailout

If Greeks vote “Yes” a third bailout package could come together in

a matter of weeks if all sides put their minds to it, although Greece might

need to form a new government in the same period. Results from the referendum

could be known within hours, and some politicians have raised the prospect

of a national unity, pro-European government with parties that backed a “Yes” vote.

Euro-area officials would probably reconvene quickly to consider next steps.

Once there’s a deal in principle, it’s even possible Greece could win disbursement

of 3.3 billion euros ($3.7 billion) from central-bank profits on bond purchases – 

money that was set aside for the second bailout

and then taken off the table on June

 

 

 

 

 

 

 

 

 

 

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