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What is the position of the “average Greek” in the coming referendum? AAP/AP Image/NewZulu/Aggeliki Koronaiou

Grexit and the impacts on the ‘average’ Greek

The Greeks are being asked to vote on whether they want further austerity measures. But the impact of the crisis is also being felt on Greek-Australian diaspora.
Many are ready to call it quits with the euro, but down that road lies nothing good. Reuters

Path to Grexit tragedy paved by political incompetence

An analysis conducted in 2007 showed how severe the consequences would be if a country left the euro. How have eurozone officials let it get this far?
Historically, governments that have chosen default have experienced a much higher risk of losing political office. AAP/Simela Pantzartzi

If Greece defaults, dominoes will not fall

A possible “Grexit” would be more likely to lower rather than raise the political incentives for other European governments to follow.

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