What is next for Greece?
Reports overnight suggest that confidence is building in a positive (i.e. funding solution is found) outcome for Greece. Notwithstanding the fact that a deal is yet to be done commentary from parties involved in the negotiations appears upbeat. Erik Nielsen, an Unicredit SpA economist in London, wrote in a note to clients; “We have now seen enough progress for the finishing line to have become visible... Failure from here is difficult to envisage. This means that various liquidity measures will be employed, as needed, until it’s all signed off - and the risk of arrears has significantly declined.” You can read the full article via Bloomberg here (VIEW LINK) which includes the graphic below showing the next steps for Greece.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions.
Safe investing and thanks for reading Livewire.
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
Bizarre: The $11m microcap sitting on a $21m cash pile
Livewire Markets
Fixed Income
Why every fixed income portfolio needs a FI-RV allocation
Antarctica Asset Management