Investment - Articles - What will Greece’s ‘NO’ vote mean for investors?

 “Amidst speculation around Greece’s vote against its bailout offer, there is still the faint hope that some sort of agreement can be reached. Emergency meetings have been called by the creditors on Tuesday and the Greeks now feel they have a stronger bargaining position. However, interested parties should note that if these talks also fail then it is almost certain that Greece will be heading for Euro exit.

  

 “For investors, an exit could create prolonged uncertainty and an increasing amount of volatility in the European markets. Whilst Greece only represents a tiny portion of the European economy, the ramifications could have a disproportionate effect on the political and economic union. The risk of contagion of confidence to other Eurozone nations is the most worrying, showing up in increasing bond yields of countries such as Spain and Portugal.

  

 “We believe that the UK shares will be affected but the small and mid-cap less so than the blue chips. Investors with a diversified portfolio should not be overly concerned; some may even see this as an opportunity to buy at lower levels.”