Greece: What (a) relief? - Rabobank
|Analysts at Rabobank note that Greece is still waiting for money necessary to repay creditors in July.
Key quotes:
"While Greece has almost done its part to qualify for the next tranche of funds, creditors are still unable to agree over debt relief measures."
"We expect a deal on one of two next Eurogroup meetings, either 15 June (most likely) or possibly 10 July."
"In any case, we believe Athens will receive funds in time to prevent a credit event. This will lower liquidity risk for the short term."
"We also think that the measures Greece needs to implement can improve Greece’s competitiveness, financial stability and fiscal sustainability. Yet without significant debt relief, debt sustainability remains questionable in our view."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.