Local economists Greece debt crisis won’t affect Dayton

People stand in a queue to use an ATM outside a closed bank, next to a sign on the plant, bottom right, reading ''NO'' in Athens, Tuesday, June 30, 2015. It's crunch time for Greece, with the European part of its international bailout expiring Tuesday and with it any possible access to the remaining rescue loans it contains that it needs to pay its debts. As a result, the government is unlikely to repay a roughly 1.6 billion-euro ($1.87 billion) debt to the International Monetary Fund due Tuesday, too — a move that increases fears the country is heading to a messy default and potential exit from the euro currency. (AP Photo/Thanassis Stavrakis)
People stand in a queue to use an ATM outside a closed bank, next to a sign on the plant, bottom right, reading ''NO'' in Athens, Tuesday, June 30, 2015. It's crunch time for Greece, with the European part of its international bailout expiring Tuesday and with it any possible access to the remaining rescue loans it contains that it needs to pay its debts. As a result, the government is unlikely to repay a roughly 1.6 billion-euro ($1.87 billion) debt to the International Monetary Fund due Tuesday, too — a move that increases fears the country is heading to a messy default and potential exit from the euro currency. (AP Photo/Thanassis Stavrakis)

DAYTON, Ohio (WDTN) – Many people are wondering what happens next… after Greek voters rejected the terms of the international bailout.

More than 61 percent of greek voters rejected what some are saying are “tough terms” of the international bailout. This comes after Greece became the first developing country to fail to pay back 1-6 billion euros for a loan payment on June 30 of this year.

2 NEWS spoke with local economists today who say people here in Dayton can breathe a sigh of relief. They said what’s happening in Greece won’t have any long-tern effects in our local economies. Economist Bill Wood said if anything, what’s happening over in Greece will produce new buying opportunities.

“I’m not really all that worried about Greece,” Wood said. “It may produce a buying opportunity in Europe. We’ve been selectively buying Europe for the last 6 months anyway. So most economists feel that’s there most potential on a risk-adjusted basis in Europe than there is in the U.S.”

The Eurogroup will meet again on Tuesday. 2 NEWS will continue to follow this story and bring you updates as they come.

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