The Greek Crisis – The Second Episode

Greece has entered the second episode in its fiscal tragedy. As of July 6th., tensions mounted as Eurozone members debated what to do with the country and its expiring debt. This news comes just a day after the Greeks voted “no” in a bizarre referendum to a bailout that was in fact no longer available to them. This means that such a vote would likely result in Greece defaulting on all of its external debt obligations, as well as its decoupling from the common currency.

This commentary, which is the second half of the commentary on the debt crisis in Greece from June 29th., discusses investment implications that may result from the Greek referendum vote.