Shares will tank tomorrow - Greek Crisis

Telegraph - Greek Crisis Live: Reports in its 8.10pm post the following, " Markets have remained reasonably sanguine about Grexit up until now. But expect tomorrow to be a day of flight for equity investors... "

Lets Get Real:

The first signs should be the Asia markets, it can be expected with the trouble with China markets to add to the pressure, the UK and US markets should see a sell off due to the Asian results and the latest news from the EU and Greece.   The Greeks are deluded if they think that their banks will be open on Tuesday, they will be lucky if they are opened at the end of the week.   As stated the final decision is down to the ECB, do they throw out their tough rules on lending or do they throw the rules out of the window.   The Germans might have problems with the French, the French left it can be argued has more in common with the Greek left than mainstream French politics.   Also the Countries that have done austerity will be asking why Greece is given a pass when they went through tough economic reform.   Interesting days ahead. 

Greek PM looks for political lifeboat - Greece Crisis

Guardian - Greek Crisis Live: Reports in its 8.10pm post the following, " Greek television are reporting that Alexis Tsipras has spoken with several European leaders, starting with the French president Francois Hollande.    There are also suggestions that ECB president Mario Draghi has also been contacted.  "

Lets Get Rea:

The Greek PM will try to split France from Germany, also Italy, the government in Paris is left wing, thus one can expect that the Greek PM will play that up, one doubt that Paris will go against the will of Germany, it knows who has the cash in that relationship.    The European Central Bank could decide the fate of Greece, if the Bank does not give more money to the Greek banks they will go bust, thus the call for the return of the Greeks to a native currency.   The EU/IMF will not allow themselves to be blackmailed by Athens, there are tough rules for the problem of Athens, if the above throw them out then Spain and Italy will be next, then the whole system would go bankrupt.  Time for the Germans to stand tough against Greece. 

The Result of the Greek Referendum - Greek Crisis

BBC News - Greece Live: Reports the following it its 7.25pm post, " The Greek government will have a battle on its hands to persuade the Eurogroup to meet urgently. Reuters reports there are no plans for an emergency meeting of eurozone finance ministers in response to the 'No' vote. "No way. (The ministers) would not know what to discuss."

It is worth remembering that Greece's prime minister called the vote while his negotiators were still trying to eke out a deal in Brussels. "

Lets Get Real:

The Greeks might find that the Referendum was the easy thing to get pass, the German political class and the voters do not want to to get their wallets out to bailout the Greeks, the Greeks have to be thrown out of the Euro, its a murky toilet with no clean water in sight.   The Greek economic system needs a total reform from the role of the State to when people retire.  This will be harsh on the Greek in the short term, but in the long run it will benefit Greece.