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Greece Referendum: What happens if you vote "no," and also, if they say "yes"

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Greeks must vote whether to accept the proposal of the creditors of the country for more stringent restrictions to keep using.

Scenario 1: "Yes"
If Greeks vote 'yes' third bailout package could come within a few weeks, although Greece may need to form a new government during the same period. Results of the referendum could be known within hours, and some politicians have raised the prospect of a national unity government with pro-European parties that support the "YES".
Officials from the eurozone will probably reunite quickly to consider next steps. Once a deal in principle possible even Greece could obtain payment of 3.3 billion euros from the profits of the central bank on bond purchases - money that has been earmarked for a second bailout and then taken on June 30th.

Scenario 2: Greece voted "No"
If voters heed the recommendation of the Prime Minister Alexis Tsipras and reject conditions for the bailout Greece will not leave eurozone night. Instead, the country will face three or four weeks of increasing pressure to start printing its own money. This is because Greek banks may soon be able to meet the demands of the European Central Bank need to maintain access to emergency liquidity, and the Greek government will be left without money to pay its bills and employee salaries. At this point, it will be Greece's decision to withdraw from the currency bloc.

Whether the ECB would then withdraw its support?
Not necessarily. ECB unlikely to withdraw its support overnight. Instead of banking supervision institution will decide how to evaluate government-backed assets held on the balance sheets of Greek banks. After that, banks will be invited to a new security. Greece is also facing a number of financial obstacles, including bills for refinancing and repayment of loans.


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