Greece: the 4 possible scenarios now that NO vote has won, according to the Deutsche Bank

Now that the results have shown a comfortable win for the "no" in the Greek referendum, Deutsche Bank now presents four possible scenarios after this historic vote:

1 / An agreement with slight constraints: "It is the least likely scenario, which would mean that the EU submits itself against Greece by offering the country new and less harsh proposals."

2 / A payment default but the country can remain within the Eurozone: "This scenario is moderately less unlikely and would involve a direct recapitalisation of Greek banks by the European partners, with the government only able to use domestic resources to meet the country's fiscal needs."

3 / A new agreement: "This third scenario would involve the replacement of the Greek government, as a consequence of a closed banking system. A national unity government could be formed to resume negotiations with the European partners."

4 / An exit from the euro zone: "It is in our view, along with scenario 3, one of the most likely outcomes. However, we believe that the probability of a Greek exit from the Eurozone is less than the cumulative probabilities of the first three scenarios. In the end, it remains more likely in our view that Greece will remain in the Eurozone rather than be excluded."