Institutions’ negotiating stance now untenable

In the wake of the decisive “No” referendum vote by the Greek electorate and related events, the negotiating landscape has shifted substantially. The negotiating position of the institutions now looks untenable. But this by no way changes the potential outcomes for the Greek economy, which will still either face further harsh austerity or the turbulence of eurozone exit.

In the wake of the decisive “No” referendum vote by the Greek electorate and related events, the negotiating landscape has shifted substantially. The negotiating position of the institutions now looks untenable. But this by no way changes the potential outcomes for the Greek economy, which will still either face further harsh austerity or the turbulence of eurozone exit.
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