Greece Referendum to have Significant Consequences

The key issue regarding the Greek referendum on Sunday is who will lead the Greek government in the event that the vote is for more austerity, Charles Dallara said on Thursday.

“The finance minister said he will resign, the prime minister has signaled implicitly that he will unlikely remain in charge of the Greek government, at least not in his current form. A lot of uncertainty prevails,” he said in an interview with CNBC’s “Squawk on the Street.”

Dallara is vice chairman of Partners Group’s board of directors and the former managing director of the Institute of International Finance. “Whatever the outcome of a vote, I think the key issue here is who will be leading the Greek government at that time and that is very unclear,” he said.


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.