MOSCOW (Sputnik), Alexander Mosesov — On Sunday, the majority of Greeks rejected the creditors’ proposals that envisaged harsher austerity in exchange for a new cash injection.
"Greece and Europe have entered into uncharted territory. We will soon know if the Greek people made the right choice in the referendum. So far, however, a Grexit looks more likely than ever before," Dr. Thanos Dokos, who heads the Hellenic Foundation for European & Foreign Policy (ELIAMEP), said.
The Greek government has been clashing for months with Brussels and its major money lenders in Paris and Berlin, who want Athens to increase taxes and cut welfare spending.
As Greek banks are running out of money, the heavily indebted nation has found itself dangerously close to dropping out of the Eurozone and potentially out of the European Union.
