19 Jun 2015
What...if of a Grexit? - ING
FXStreet (Guatemala) - Analysts at ING Bank NV (ING) explained that pessimism about the Greek crisis is rife.
Key Quotes:
"The never-ending bargaining process, continued accusations and little progress has become more tiring and dramatic by the hour. If anything, the events of the last 24 hours have made a Grexit again more likely."
"Another inconclusive Eurogroup meeting, the announcement of an emergency meeting of Eurozone leaders on Monday, accelerating withdrawals of deposits from Greek banks and speculation of capital controls show how serious the current situation is."
"Even if our base case scenario still foresees a typical Eurozone fudge, at least as a short-term solution, it would be naïve not to look at the possible “what…if” of a Grexit.
Key Quotes:
"The never-ending bargaining process, continued accusations and little progress has become more tiring and dramatic by the hour. If anything, the events of the last 24 hours have made a Grexit again more likely."
"Another inconclusive Eurogroup meeting, the announcement of an emergency meeting of Eurozone leaders on Monday, accelerating withdrawals of deposits from Greek banks and speculation of capital controls show how serious the current situation is."
"Even if our base case scenario still foresees a typical Eurozone fudge, at least as a short-term solution, it would be naïve not to look at the possible “what…if” of a Grexit.