The Senior Strategist: Grexit is moving closer after the NO from Greece

July 06, 2015

It was a Greek rejection of the EU proposal. This could be the first step for Greece out of the euro.

This week a lot of meetings and negotiations after the NO from Greece at the election on Sunday.

Default appears inevitable and there is a growing risk of Greece lurching out of the single currency - which has come to be known as Grexit.

So far, reaction in the financial markets have been relatively muted after a negative period for equities.