The Greek people had their voices heard on July 5 and decisively voted “no” on the Greek referendum to
accept the latest bailout deal from creditors. This outcome, which was surprising to many, will potentially
raise the level of economic and financial market volatility in the weeks ahead, as global investors assess
the risks associated with an increasingly likely Greek exit (Grexit) from the Eurozone and from the
Eurozone’s common currency, the euro.