Michalos: Optimistic for ‘Yes’ Greek Vote

Athens Chamber of Commerce and Industry President Constantine Michalos is cautiously optimistic there will be a strong “yes” vote on Greece’s referendum Sunday.

However, even if voters accept the euro zone’s bailout terms, banks in the cash-strapped country likely won’t open until at least July 20, he predicted.

“It’s absolutely impossible [to reopen] unless there is a deal. A deal that passes all the parliaments of the euro zone, a deal that is struck here in Greece, signed and sealed, and then the ECB has to send funds,” Michalos said in an interview with CNBC’s “Power Lunch” on Thursday.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.