Zerohedge is reporting that FAZ, a German news agency, is reporting that the referendum may be moot simply because the Greeks have no money to logistically carry it out.
I can’t imagine that if the referendum actually happens, the Greek people will turn it down and say no to the deal. They’ll say yes. Losing access to their savings outright is too frightening for anyone. And I cannot imagine that if they say yes, the Troika will say, “Nope, sorry, you’re a week too late,” and cut the country loose. They’ll give them the money eventually and Grexit will be avoided.
BUT. If the referendum doesn’t actually happen in the first place because the Greek government is so bankrupt that it can’t even hold a referendum, then Grexit is entirely possible, and this is the end.
And it will be their fault too, because they have waited so long to actually ask their people.
So let’s sharpen it. If the referendum happens, collapse will be averted. If it doesn’t because they are so completely bankrupt, then this is the endgame.