Greek Banks Down To Last €500 Million; Vote For Servitude Takes Slight Lead; IMF Says Greece Needs Another €60 Billion Bailout

Greece Roundup

  • A “yes” vote in favor of servitude has now reached a slight majority according to some Greece referendum polls. How accurate the polls are is an issue.
  • Yanis Varoufakis, Greece’s finance minister, said he would resign if Greeks voted Yes in Sunday’s referendum on the country’s bailout. “I will not sign another extend and pretend agreement”, said Varoufakis.
  • Greece to run out of essential food and medicine within days and banks down to last €500 million.
  • Daily allowance of cash from ATMs has dropped from €60 to €50.
  • Three quarters of business leaders think Greece will be forced to leave the eurozone in the next 12 months.

Vote for Servitude Takes Slight Lead

Reuters reports ‘Yes’ Camp Takes Slim Lead in Greek Bailout Referendum Poll 

 Supporters of Greece’s bailout terms have taken a wafer-thin opinion poll lead over the ‘No’ vote backed by the leftist government, 48 hours before a referendum that may determine the country’s future in the euro zone.

The poll by the respected ALCO institute, published in the Ethnos newspaper on Friday, put the ‘Yes’ camp on 44.8 percent against 43.4 percent for the ‘No’ vote. But the lead was well within the pollster’s 3.1 percentage point margin of error, with 11.8 percent saying they are still undecided.

Given a volatile public mood and a string of recent election results that ran counter to opinion poll predictions, the result is in effect completely open.

Credit ratings agency Fitch said the banks were already effectively bust and would go to the wall within days unless the European Central Bank increases emergency liquidity assistance to help them cope with a wave of withdrawals.

There has been little time for campaigning but Tsipras is due to address a mass rally of ‘No’ supporters in Athens’ central Syntagma Square outside parliament on Friday evening, while ‘Yes’ campaigners plan a rally at the old Olympic Stadium.

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