The referendum has led to a crisis, capital controls and closure of banks, as stated by Associate Professor of International Relations at the Panteion University of Athens Dimitris Keridis in an interview with GRReporter.
While Greece is experiencing the nightmare of closed banks and capital controls, under threat of default, analysts are explaining that the next step is deposit haircut.
President of Greece Prokopis Pavlopoulos, former Prime Ministers Costas Karamanlis and Costas Simitis and five MPs of Independent Greeks are urging the Greeks to support the positive vote.
Bankers are warning of two possible developments, namely deposit cuts if the country stays in the euro zone or reduced nominal value of deposits in the event that it returns to the drachma.
He points out that his government continues to be at the negotiating table and that the negative vote in the referendum will not mean rupturing with Europe and exiting the euro zone.
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