ML-Implode News - Greece votes No -- now what?

But despite predictions by Greek ministers that a new bailout deal could be just days away, other than Mr Macron and his French colleagues, there are few elsewhere in the eurozone who predicted a resounding No would lead to much more than continued stalemate. If that is the result of overwhelming rejection of creditors' terms, it would mean a slow march to Greece exiting the eurozone.
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The key date in the crisis is now July 20, when Greece owes â‚¬3.5bn on a bond held by the ECB. If Athens defaults on that bond, it would be almost impossible for the ECB to continue accepting collateral from Greek banks, and the â‚¬89bn in emergency liquidity assistance (ELA) would be withdrawn, devastating Greece's banking sector.
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Greece could be left in limbo for months, circulating a parallel currency while technically still in the eurozone. EU lawyers have already been working overtime to figure a way out of that dilemma.

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Greece votes No -- now what?