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2 Jul 2015
Kicking the can down to Athens - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained that while the creditors seem to have the upper hand going into the referendum, following a “yes” vote they would still have to face reality.
Key Quotes:
"I.e. a deal with Syriza or a newly elected or technocratic Greek government that’s likely to remain dominated by anti-austerity parties."
"Flawed as the process has been so far, key politicians still appear convinced a deal with Greece that kicks the can down the road is to be preferred over a Greek exit from the eurozone. But the risk for mistakes is increasing as time is being wasted and the Greek economy suffers accordingly."
Key Quotes:
"I.e. a deal with Syriza or a newly elected or technocratic Greek government that’s likely to remain dominated by anti-austerity parties."
"Flawed as the process has been so far, key politicians still appear convinced a deal with Greece that kicks the can down the road is to be preferred over a Greek exit from the eurozone. But the risk for mistakes is increasing as time is being wasted and the Greek economy suffers accordingly."