Europe would suffer little economically should Greece leave the euro zone but the consequences for Greece would be considerably worse, Austria's Finance Minister Hans Joerg Schelling said on Saturday. "For Europe, this would be easy to manage economically. For Greece, it would indeed be considerably more dramatic," Schelling was quoted as saying in an interview with online newspaper Die Presse.
Sunday's referendum in Greece will set a new course for the country after a tumultuous half year of negotiating between Athens and its international creditors. A "Yes" vote could mean a new government, a news series of negotiations and Greece's continued membership of the euro zone. A "No" vote could mean the euro zone loses a member - a fate that could rock the stability of the currency.
ATHENS, Greece (AP) — Whether Greeks decide in Sunday's referendum to accept their lenders' bailout deal or reject it, the government's hold on power may be shakier than its brash prime minister has calculated, analysts say.