The implications of a Yes or No vote in the upcoming Greek referendum on whether to accept the terms of an international bailout, are far from clear.
Eurozone leaders have repeated that a rejection of conditions for financial rescue will isolate Greece and push it further towards the euro's exit door.
Greek Prime Minister Tsipras, who called for Sunday's vote, says a 'no' outcome will give him more bargaining power to seek a better deal.
Meanwhile the International Monetary Fund has declared Greece's debt unsustainable suggesting the country will need 50 billion euros to keep afloat over the next three years.
Greece's governing party Syriza says the IMF statement is proof of the need for to include a path of debt relief in any new rescue deal for Greece - which for other Eurozone countries would mean a write off of billions of euros in unpaid loans.
Our Europe correspondent Sandra Gathmann spoke to ING Bank's Chief economist Phillipe LeDant to get more insight into Sunday's vote, and what each outcome will mean for the rest of the Eurozone.
IN: "As we …"
OUT: "…Don't imagine."
TIME: 6'08"
AUDIO: http://www.fsnradionews.com/feeds/0703Greece-QnA-LeDent.mp3
Eurozone leaders have repeated that a rejection of conditions for financial rescue will isolate Greece and push it further towards the euro's exit door.
Greek Prime Minister Tsipras, who called for Sunday's vote, says a 'no' outcome will give him more bargaining power to seek a better deal.
Meanwhile the International Monetary Fund has declared Greece's debt unsustainable suggesting the country will need 50 billion euros to keep afloat over the next three years.
Greece's governing party Syriza says the IMF statement is proof of the need for to include a path of debt relief in any new rescue deal for Greece - which for other Eurozone countries would mean a write off of billions of euros in unpaid loans.
Our Europe correspondent Sandra Gathmann spoke to ING Bank's Chief economist Phillipe LeDant to get more insight into Sunday's vote, and what each outcome will mean for the rest of the Eurozone.
IN: "As we …"
OUT: "…Don't imagine."
TIME: 6'08"
AUDIO: http://www.fsnradionews.com/feeds/0703Greece-QnA-LeDent.mp3