AFTER the party in Syntagma Square celebrating the landslide victory for the "no" campaign in Sunday's referendum, comes the hangover. They went wild "because we are tired of everything, from all the lies, from paying for the rich, and from years of austerity, especially for young", as one partying Athenian told us. To be fair, with youth unemployment rates of over 50%, many have had little to celebrate for a long time. They support the aggressive stance taken towards the country's lenders by Syriza and its leader, the Greek prime minister Alexis Tspiras, whose position in domestic politics has been strengthened as a result of the referendum.
But the fact remains, two days after the close of the polls, that Greece's real economy is in a mess. Capital controls, that were imposed after Mr Tsipras called the referendum on June 26th, forced the country's banks to close. Ordinary Greeks were limited to cash withdrawals from ATMs of just €60 ($67) a day, now...Continue reading
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