To Grexit or Not to Grexit? That Is the Question

As anticipated by traders last week, the market opened with a huge gap between the closing price on Friday and the opening price on Monday. But this was not the only surprise Monday had for us.

Tsipras called his country for a referendum to either accept the terms and conditions of the EU or exit the EU. Juncker accused Tsipras and the Greek Government of not telling the full story to the people and that Tsipras must tell the truth to his own people. Juncker added that he felt betrayed by Tsipras, yet all doors would remain open if Greece votes yes to stay in the EU.

Juncker invited the Greek people not to commit suicide just because they are afraid to die, a comment that made most Greeks furious, yet he showed his support to the Greek people while stating that he will not let the Greeks down and that he knows that the Greeks will not let the EU down either. A killer sentence that spread around the social media and played with the feelings of the Greeks, especially those confused and indecisive on whether to vote yes or no.

The day did not end there, banks closed down for fear of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term leaks and will remain closed until the 7^th of July or till further notice. ATM machines were limited to sixty euro withdrawals and queues continued to line up in front of banks reminding the world of March 2013 and the Cyprus banking crisis.

European stocks continue to collapse as the Greek debt crisis sinks deeper. Juncker's reaction to these consecutive events showed that the Europeans do not want the Pandora box opened. But will the Greeks vote yes knowing that they will suffer austerity? And if they vote no, what will the British do next? A Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term?