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Credit Suisse embraces for risk-off phase in the Greek debt fiasco but expects a “yes” vote for referendum

A “yes” vote is Credit Suisse’s base case for the upcoming referendum that will determine the fate of Greece’s membership in the Euro as it believes voters are not in favour of the economic hardships that are to follow. “Given the recognition that a return to a national currency would imply sever economic hardship, we believe that Greek voters will…

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