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Although officially a referendum about the terms of an<br>international financial bailout package designed to address the country’s enormous financial<br>crisis, it was widely feared at the time that a non-cooperative referendum outcome would put<br>Greece’s membership in the Eurozone at risk. Because a Greek exit from the currency union (colloquially referred to as “Grexit”) would put the irreversibility of the euro in question, the<br>referendum vote was seen as a threat to the entire project of European monetary integration –<br>with potentially enormous negative consequences for all other Eurozone members
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