In Germany stated that they do not see any reason for the resumption of negotiations on the reforms in Greece, which are necessary for the country's debt restructuring. German Chancellor Angela Merkel said that respects the results of the referendum, which took place yesterday and where about 61% of the electorate voted against the proposals on austerity measures from the creditors. According to some analysts the probability of a Greek exit from the Eurozone is about 70%. This process can begin if Greece will fail to pay about 3.5 billion euros of government bonds on July 20. We expect a decline of the euro in the medium term to the next levels of 1.0900, 1.0700 and 1.0500.