Top News | Jul 1, 2015
LGT Beacon: Greece opens final act of debt drama
Last Friday, Athens unexpectedly called for a snap referendum on a proposed deal with its creditors. The decision effectively disrupted the ongoing talks, killed the hitherto bailout framework, and put Greece in arrears with an International Monetary Fund loan. Events are coming thick and fast: they could lead to the country crashing out of the euro, bring down its recently-elected government, and/or pave the way for a new, and more workable support program.