The International Monetary Fund (IMF) reacted on the referendum and increasing nervous sentiment on the markets with warning of Greece before the significant financial hole it faces and the need of funds in the future.
Greece defaulted on its debt to IMF in June 30 and organized referendum for July 5 on austerity program with large portion of market being worried about the connection to possible Grexit. IMF warned the country that it will need additional €50 billion during the next three years, while €35 billion will have to come from its European partners, underlining the actual problems of Athens.
Nevertheless, Greek Prime Minister Alexis Tsipras keeps his stance against ‘blackmailing’ of the ‘troika’ creditors related to spending cuts and tax hikes and any consensus does not seem to come soon. Banks in Greece are closed for a fourth day with capital controls in place and the country prepares for the declared referendum to show the future-path.
Bloomberg has reported its poll, surveying 1,042 Greeks, showing impressive results. As austerity remains the most hot issue, the split between Greeks is nearly 50:50, with 43% supporting ‘No’ and 42.5% supporting ‘Yes,’ while second question about remaining part of the eurozone has ended much more in favour of the eurozone, when four in five Greeks expressed their wish to remain part of the euro area.
Greece saw a very emotional debate surrounding the referendum. Syriza has officially backed the ‘No’ vote, standing against further austerity, while eurozone officials are constantly connecting the ‘No’ vote with high possibility of Greece leaving the European monetary union. Nevertheless, even the Greek coalition seems to be split over the referendum, when deputies from the right-wing Independent Greeks have backed the ‘Yes’ vote.
Another poll coming out on Friday from Ethnos showed 44.8% for ‘Yes’ and 43.4% for ‘No.’
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