Vitor Constancio has his say on the Greek referendum

  • It will be easier to agree financial assistance for Greece if it's a yes vote
  • Referendum is relevant as it affects the possibility of a deal
  • A no vote makes a deal hard to reach
  • It's difficult to speculate on Greek scenarios
  • Market reaction to the vote is important
  • ECB has tools to mitigate any negative impact
  • Can't decide on ELA response yet
  • ECB and Eurosytem have enough instruments to mitigate the impact on the Eurozone of any eventuality

Looks like they've got everything under control folks