Is the Greece standoff going to be resolved - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained the Eurogroup meeting today and the heads of state meeting tomorrow cannot resolve the standoff with Greece.

"The logic of each side demands negotiating until the very last minute as the only way to ensure that the most is achieved."

"Of course, the nature of the brinkmanship exercise risks a miscalculation that sends both over the abyss."

"Meanwhile the lack of contagion emboldens the creditors, while the fresh electoral victory and vote of confidence emboldens the New Greek government."