Analysts: Greece Now More Likely to Leave Euro

July 6, 2015 9:43 PM

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Analysts: Greece Now More Likely to Leave Euro

Analysts say the resounding “no” vote by Greeks on their country's financial future increases the odds that the nation will have to stop using the euro, and that its current difficult economic situation will worsen. Sunday, Greeks voted to reject creditors’ demands for economic reforms, deeper austerity and greater cuts in spending in exchange for additional loans.

An editorial in The Wall Street Journal said Greeks have already seen some of the “ugly potential consequences” of voting no, with a banking crisis and limits on ATM withdraws.

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