A "No" vote and a Grexit: global banking Crisis - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that despite the various differences between the US and China, officials in both countries seem incredulous that European officials are willing let Greece go.

Key Quotes:

"Despite some claims to the contrary, even if a majority of Greek voters reject the creditors demands, how a no vote turns into a Greek exit is not clear."

"It is true that the ECB could cut rather than simply freeze Emergency Liquidity Assistance (ELA). This could trigger a significant banking crisis, but the key is how Greek policy makers respond."