The eurozone’s three biggest countries have raised the stakes in next Sunday’s Greek referendum with an orchestrated warning to voters that a no vote would mean exit from the single currency and the return of the drachma.
As the Greek economy suffered on its first day of stringent capital controls, politicians from Germany, France and Italy joined the European commission in insisting that the poll was not about whether Athens could secure more favourable bailout terms but was about continued euro membership.
The stark assessment was shared by George Osborne, who told MPs that the UK economy would be affected by the chaos that would result from Greece leaving the eurozone. » | Larry Elliott, Graeme Wearden and Nicholas Watt | Monday, June 29, 2015
