Sunday, 12 July 2015

Greek contagion will be contained in short-term

Equity markets around the world will have to take the Greek scenario as it is - the country can either leave the Eurozone or it won't, says James Glassman of JPMorgan. He, however, adds that both sides have an interest in trying to work out a deal.
Michael Every of Rabobank on the other hand feels that the markets haven't fully comprehended the Greek scenario. He believes it is still a slow burn. According to him, the market believes some kind of a compromise will be reached. The way things stand at the moment, it appears as though Germany intends to run Greece, which is unfathomable in the long run, he says. He feels a lot is wrong with the Eurozone structure. He is also expecting a lot more volatility due to the Greece issue. 

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