Saturday Night Quarterback (on Sunday night) says, For the week ahead expect…
Aside from slapping on capital controls and a bank holiday to prevent current withdrawals the Tsipras government doesn’t seem to have a plan beyond the July 5 referendum. One possibility is that the government is campaigning for a No vote but secretly hoping that Greek voters will vote Yes to accept the terms offered in the last offer by the European Commission.
What would happen if Greece defaulted and left the euro?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Odds of Greece defaulting and leaving the euro in next 18 months now 50%, according to Citibank
The more deadlines that Greece misses in the short term, the higher the odds that the country will default and leave the euro in the longer run. Today Citibank raised its estimate of the odds of a Greek default and departure from the euro in the next 18 months to 50%
If Greece is so close to default, why are the markets so calm today?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Another day, another deadline missed in Greece
What was Sunday’s deadline of 11 a.m. Monday for a decision by Greece’s warring political parties to accept the conditions required by the troika of the International Monetary Fund, the European Central Bank, and the European Commission before the country can get its next bundle of rescue cash passed without a decision. What we got instead was a decision to move the deadline to Tuesday.