Tsipras calls a referendum on bailout!
Returning home on Saturday night, Tsipras went on television to declare a referendum on EU bailout proposal from creditors, set for July 05. Today, the Greek parliament with 151 votes easily gives green light to the same. Greeks are due to vote on whether to accept or reject the latest terms offered by creditors to Athens, in order to unlock billions of euros in bailout funds. The decision and the future for Greece is now in the hands of the citizens. Hm, nice call from prime minister Tsipras. He didn’t want to make such a decision by himself. How I see this? I see that this could be huge problem for Greece now. Why? Well, on my oppinion the citizens will vote caught up with emotions mostly and that could be dangerous for the referendum result. But, whatever the result came out on July 05., the Greece will have a big problems. In my opinion much bigger if they vote against the bailout program. Grexit is inevitable in that scenario! Now, it could become a realy interesting in the financial markets. Let’s get ready for another exciting week. But, which one is not in the foreign exchange market, right!? 🙂