European experts have little positive to say about the current development of events in Greece. Many of them forecast dark times for the country and for the Eurozone in general.
According to Holger Schmieding from Berenberg Bank, the risk of a Grexit has considerably increased after the referendum. The chances for a compromise between the Greek government and international creditors are low.
"[It] is hardly possible to work out a new package that will be approved both by creditors and the people," the economist said.
“If Greece does not put forward any convincing financial and economic policy concept, which corresponds with the terms of the recently negotiated bailout program, then the Grexit is inevitable, " Heise said.
Thomas Gitzel, chief economist at VP Bank, argues that the Eurozone will face hard times and also accesses the possibility of Grexit as high.
“The fronts are harder than ever. There will be again tough and bitter negotiations,” he said.
“The Greek economy will slide into an even deeper depression in the coming months; unemployment will continue to rise and social divergences will increase further,” he said, adding that chances for reaching an agreement on a new aid program have become significantly worse after the referendum and that he expects a complete collapse of the Greek banking system in the coming weeks.
