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26 Jun 2015
Markets tired of Greek headlines - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that the global capital markets remain subdued for the most part despite the fact that paralysis in Europe is bringing Greece to the very brink.
Key Quotes:
"There will be no agreement today, and the finance ministers will meet again tomorrow in what Merkel and Hollande have called a decisive meeting. The implicit threat is that if no agreement is reached, officials will begin preparing for a Greek default.
There are no winners here. Greece's economic situation is deteriorating. The government is in arrears to its suppliers, which further squeezes the private sector.
"Even if the official creditors want another regime change, what does that mean? Golden Dawn?"
Key Quotes:
"There will be no agreement today, and the finance ministers will meet again tomorrow in what Merkel and Hollande have called a decisive meeting. The implicit threat is that if no agreement is reached, officials will begin preparing for a Greek default.
There are no winners here. Greece's economic situation is deteriorating. The government is in arrears to its suppliers, which further squeezes the private sector.
"Even if the official creditors want another regime change, what does that mean? Golden Dawn?"