Looks like the Greeks will vote No on the Greferendum

Bloomberg reports:

The first poll before a snap referendum Sunday indicated most people back Tsipras. The survey, in Efimerida ton Syntakton newspaper, showed 54 percent would vote “no” — rejecting austerity in exchange for aid — and 33 percent would vote “yes” — accepting austerity as the price of staying in the euro. The poll was conducted by ProRata, which surveyed 1,200 people June 28-29 with a margin of error of 2.8 percent.

The truth is the question itself is nonsense. They cannot reject austerity. They have already overspent. Austerity will either come through spending cuts which will impose it on those who receive government paychecks, or it will come through hyperinflation if they go to the Drachma.

It looks like the Greeks are voting to leave. It’s going to be a pretty interesting 17 Tammuz. I wonder what happens on 9 Av.


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