In Greece the crisis over the Euro is set to become a Drachma

In Greece the crisis over the Euro is set to become a Drachma

It appears, unsurprisingly, that all the bookies have suspended their markets on the outcome of the referendum and Greek exiting the Euro after this announcement

This is all happening eleven days before George Osborne’s presents his emergency budget, it might strengthen his case for austerity, it may also end the clamour for tax cuts, particularly the top rate of tax is unlikely to be cut from 45% given the wider economic mood.

TSE

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