Singapore Stock Market News
Global Equity Strategy - Greece - where now?
StockFanatic
Publish date: Tue, 30 Jun 2015, 05:41 PM
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| Pic Credits : openeurope.org.uk/ |
Our key conclusions are that:
■ There is only a one in three chance of a Grexit (rising to, at least, 50% if the ELA were withdrawn). This is largely because 70% of the electorate want to stay in the Euro (and 57% on a recent poll even at the expense of austerity);
■ The critical issue in the next week is whether the electorate realise that a 'No' vote is nearly tantamount to a Grexit;
■ Even in the event of a Grexit, there is only a one in three chance that this leads to a systemic European crisis;
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