Australian Investment Blog

Equities Plunge on “Potential Grexit”, what next?

We thought the market was being very complacent over Greece this time and we were correct, as equities plunged overnight following the surprise news that Greece is holding a referendum over austerity measures next Sunday. At MarketMatters, we feel that the Greek government has basically lost the plot and is gambling with their peoples’ future on a 50-50 vote on Sunday, rather than making some tough and unpopular decisions. However, while Mr Tspiras may be playing the bluff/gamble of a lifetime with Greece’s future, it looks likely to produce some excellent investment opportunities along the way. Does the below statement a few hours ago sound from a rationale/smart man?