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Friday, July 3, 2015

What is at stake in the referendum? | Guntram B. Wolff at Bruegel.org

What is at stake in the referendum? | Guntram B. Wolff at Bruegel.org

A “yes” would give the prospect of staying in the euro area but conditions will not be easy. A “no” will result in Grexit with an uncertain future and high costs to Greek society, at least initially. If I was Greek, I would vote “yes” in the understanding that better conditions by creditors are the other part of the deal. 

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