Staring into the abysspublished at 15:09 British Summer Time 29 June 2015
Robert Peston
Economics editor
Quote MessageGreece is now staring into something of a financial and economic abyss. A no vote would presumably see Greek banks subject to economy-crushing restrictions on cash withdrawals and international transfers for the indefinite future. Greece would be careering towards the euro door marked exit, even though such a door was never supposed to exist, let alone be opened. At that historic juncture, the euro would no longer be a proper single currency for most of Europe.
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