. >> joining me from london is lionel barber. and joe wiesenthal, the editor of bloomberg markets and the cohost of what you miss -- what'd you miss on bloomberg. tell me what a yes vote means and what a no vote means. guest: we don't know what they are going to vote and what they are voting on. the deal that was rejected is not on the table. in my view this comes down to the euro versus the drachma. do you want to stay in europe at a price or do you want to go backwards leave the euro, and have your own currency, which is tremendously perilous. a yes vote to my mind offers the space for new negotiations on a bailout plan for greece, it also likely would herald a new greek government. mr. senttpiras could not be in power with a new realigned party and then everything starts over. i say this with trepidation. i don't know how they avoid an exit. both political and economic that is not a result they want to see. charlie: what does an exit mean if it comes to that? guest: there are catastrophic consequences. returning to the drop mo

. >> rose: joinl joining me is lionel barber, editor of the "financial times." here in new york, roger altman, chairman of evercore partners and investment banking firm. and joe weisenthal, editor at bloomberg markets. you have been following the story closely, lionel. tell me what a yes vote and no vote means. >> we don't know whether they will vote or what they're going to vote on because the deal rejected by the greek government over the weekend is not on the table, so in my view, it comes to the euro versus the drachma. do you want to stay in europe at a price or go backwards leave the euro and have your own currency which is tremendously perilous. let's say we don't know the result but a yes vote offers the space for new negotiations on a bailout plan for greece. it also likely would hold a new greek government, so mr. tsipras on far left grouping would likely not be in power or could be mr. tsipras with a new realigned party, and then everything starts over. i know i have to say charlie and i say this with some trepidation, i don't see how they avoid grease