Greece's million-drachma question

Whether enough Greeks join the 'Yes' ranks before Sunday's referendum is anyone's guess.

15-7-2-Greece-634

Greek banks shut down to prevent collapse

A Greek exit from the euro is looking increasingly likely. It would be the first reversal for European integration since 1945. Endless twists and turns further frayed investors' nerves. The Greek government called a referendum for 5 July on the terms of an extension to the EU/IMF rescue package that expired at the end of June. Banks were shut to prevent a collapse of the financial system after mass withdrawals; locals are limited to taking €60 a day out of cash machines.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.