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Fundamental Analysis
Brave Choice by Greece voters to reject the terms of an international bailout in Sundays referendum.
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6 July, 2015, 2:50 PM
"Brave Choice" word used by Greece Prime Minister Alexis Tsipras. Greece voters reject the terms of an international bailout in Sunday's referendum.
Yesterday after the final result greece voter were celebrating in the streets after hearing the result was 61.3% "No", against 38.7% "Yes".
Greece would go back to the negotiating table on Monday evening, adding that an International Monetary Fund (IMF) assessment published this week confirmed that restructuring Greek debt was necessary. But some European officials had already warned that creditors could take a "No" vote to mean that Greeks had rejected further talks.
European leaders were varied in their openness to more talks with Greece after the vote.
The president of the European Parliament Martin Schulz, warned that Europe was entering "a very difficult and even dramatic time" unless the Greek government made "meaningful" proposals in the coming hours.
(Impact of this news is highly disappointed for world market, Greece may exit from Euro Group. For traders trade carefully till next news, market is moving on news.)
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