Saturday, December 14, 2019

Greece goes for referendum…

Greece votes today on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain. Set against a backdrop of shuttered banks and threats of financial apocalypse, the vote is too close to call and may not produce the clear mandate for negotiations that Athens’ creditors seek. Greeks are split on whether to accept an offer by creditors that Prime Minister Alexis Tsipras calls a “humiliation” and is urging people to reject. Investors and European policymakers say a rejection would set Greece on a path out of the euro, destabilizing the global economy and financial markets.

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