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Default of Greece – end of the European Union?

01 July 2015

Default of Greece – end of the European Union?Dear clients!

Greece allowed default to happen when missed a scheduled payment to IMF on June 30. What was the reason of this situation and how decision of Greek government can impact on the European Union?

Alexander Goryachev, an expert of FreshForex company comments on that:

"Now markets are waiting for the referendum on anti-crisis plan that will be held in Greece on July 5. Yesterday prime minister of Greece A. Tsipras told that German Chancellor A. Merkel is ready to resume negotiations after results of the referendum will be announced.

In opinion of the President of the Council of the European Union D. Tusk, there are pretty good chances to solve this problem and Greece will stay in Eurozone. Otherwise, in the end of summer it will leave Eurozone and stability will leave financial markets for the whole summer.”

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