Paul Krugman says he would vote "no" on Greece's upcoming referendum

Response the Greek referendum, Paul Krugman says "I would vote no, for two reasons."

The eurozone economic is on huge disaster, Nobel-winning economist Paul Krugman says he would vote "no" on Greece's upcoming referendum on whether to accept the terms of a bailout put to it by its creditors. 

As reported from the newyork times Paul Krugman personal blog, Krugman explains that he would vote no because: one, because leaving the euro would be better than continuing the same program that has been in place for the last 5 years; and two, because voting yes on the referendum would essentially be a vote to replace Greece's Syriza government. 

Athens governor winner party, Syriza, led by current Greek prime minister Alexis Tsipras, campaigning on a platform of rejecting austerity measures imposed by Greece's creditors. But now the conditions and future of Greek is

Greece local newspaper: financial activity in the country grinds to a halt, stocks market and banking too

Emergency condition is happening in Greek, It looks like Greece's stock market is going to be closed for a week. as reported by Greek local newspaper Kathimerini in English version the Athens Stock Exchange is going to be closed for a week. 

Greek local newspaper Kathimerini reports that, "The Capital Market Commission is expected to announce in the early hours of Monday the closure of the Greek stock exchange for at least a week, as financial activity in the country grinds to a halt."

Many Greek local Banks were already to be closed for a week. As a result, Greek local newspaper Kathimerini reports, the closure of banks will limit the ability to process transactions on exchanges, and so it is unlikely that stock markets will re-open until the banks do. Greek stock market remain lower

As reported before on Sunday night, Greece has sought a short bailout extension, as the country's current program is set to expire on Tuesday while Greece has called for a referendum on the matter for July 5.