Greece’s future in the Eurozone will be determined on Sunday as the country hosts a referendum to decide if the terms of its creditors are accepted.

“It’s going to be a mess no matter what the result is of the referendum,” said MRU political scientist Duane Bratt, “On the referendum question itself, Greeks are confused about what it means. Does it refer specifically to the negotiations that were occurring last week with the EU (European Union) and the IMF (International Monetary Fund) or does it refer to pulling out completely from the Eurozone?”

Takis Papparis, the owner of Pegasus Greek restaurant in Marda Loop, is concerned for his friends and family members back in Athens. His loved ones face an uncertain financial future following recent bank closures.

“Who knows when they're going to re-open, and if you get your money back one day or if you lose all your money,” said Papparis.

He says the decision of the citizens of his homeland could also have a major impact on the supplies he imports for his business in his adopted home.

“We'll know the difference in September or October for supplies, delays at the ports in Greece, if there are protests and closures,” speculates Papparis.

Petra Beck, an international economist, says the terms of Greece’s creditors will be impossible to meet.

“Can you really commit to something that you never really live up to?” asks Beck. “The Greek people owe over $300 billion to creditors and that’s not counting private investors. Germany is in with 85 billion Euros, France for 65 billion, even Portugal pitched in.”

Beck believes Greece’s best course of action would result in the country’s departure from the Eurozone.

“If they would reintroduce the Drachme (Greece's former monetary unit), they could devalue that currency,” explains Beck. “A Greek vacation would be very affordable, Greek products would be cheaper.”

Papparis disagrees with Beck’s stance. The restaurateur hopes his homeland remains a Eurozone member and can rebuild with the help of its neighbours.

“Because there's going to be structure there,” said Papparis. “It's going to be a European country, not a country with an underground economy.”

Duane Bratt adds that if Greece elects to vote no, electing to remain in the Eurozone, the country’s communist leader will likely resign unless there’s massive forgiveness of outstanding loans

“If they decide that they’re not going to go back to the negotiating table, which is what their Prime Minister wants, then that does mean that they’ll be leaving the Eurozone, and then what?”

The referendum decision has polarized Greece. According to recent polls, the vote could go either way.

With files from CTV's Alesia Fieldberg