Greek Voters Reject Bailout Terms

“Greek voters were set to resoundingly reject the terms of an international bailout on Sunday, an outcome that would set the country on a collision course with the rest of the eurozone,” the Wall Street Journal reports.

“The projected outcome would strengthen the domestic standing of Greek Prime Minister Alexis Tsipras, who campaigned vehemently for Greeks to reject lenders’ terms for further bailout funding.”

Financial Times: “But the result is also likely to plunge Greece deeper into turmoil as it tries to prevent the collapse of a financial system that is rapidly running out of cash.”

BBC: “Given the bad blood of the past two weeks – Greece’s Finance Minister, Yanis Varoufakis, calling the eurozone’s strategy ‘terrorism’ – it will be hard to get back around the negotiating table. And with the banking crisis and tax revenues plummeting amidst the instability, Greece’s economy has weakened again, making a deal even harder to reach.”