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Greek crisis: a No vote will be a vote to exit the euro

The situation on the ground in Greece is getting desperate

By Vicky Pryce  

Alexis Tsipras is under increasing pressure © Petros Giannakouris/AP/Press Association Images

The whole world is mesmerised by the latest turn of events on the Greek crisis. Yesterday Greece applied for a third two year bailout of some €30b as the previous bailout extension was coming to an end at midnight. That was rejected while the proposed referendum was still scheduled to take place next Sunday, 5th July. Today Prime Minister Tsipras wrote a letter asking for a deal having abandoned…

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