The Greeks votedno to the European Union's terms, despite warnings from the EU that rejecting new austerity terms would set their country on a path out of the Eurozone. 62% voted "No" while 38% voted "Yes".
Like any lender, the EU doesn't want Greece to default or switch to another currency or do anything that will result in its debts being written off. If Greek banks collapse then other EU countries will have to pay out to their citizens to compensate them (in the UK the scheme protects you up to £75k per bank). There are all sorts of very negative consequences, so they will try hard to find a deal that doesn't screw themselves.
-- const int one = 65536; (Silvermoon, Texture.cs)
(Score: 2) by mojo chan on Tuesday July 07 2015, @10:33AM
Like any lender, the EU doesn't want Greece to default or switch to another currency or do anything that will result in its debts being written off. If Greek banks collapse then other EU countries will have to pay out to their citizens to compensate them (in the UK the scheme protects you up to £75k per bank). There are all sorts of very negative consequences, so they will try hard to find a deal that doesn't screw themselves.
const int one = 65536; (Silvermoon, Texture.cs)