Referendum, chaos and a Grexit? – ING

FXStreet (Guatemala) – Analysts at ING Bank noted the developments on Greece.

Key Quotes:

“The Greek government’s decision to announce a referendum on a possible deal has stopped the entire negotiation process.”

“This decision has initiated a financial, economic and political avalanche.”

“Capital controls, bank holidays and increased uncertainty will accompany Greece on its way to the referendum.”

“Whether this road will eventually end with the Grexit is still too early to tell, even though the probability of a Grexit has clearly increased over the last days.”

Analysts at ING Bank noted the developments on Greece.

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