2 Feb 2015
There will be no Grexit – Danske
FXStreet (Barcelona) - Analysts at Danske Bank comment on the ongoing 'Greece bailout' talks, share that EU commission’s President Juncker stands determined to keep Greece in the Euro.
Key Quotes
“Late Saturday, Greek prime minister Alexis Tsipras issued a statement, which to some extent should calm markets down. Tsipras expressed confidence in reaching an agreement, which could benefit both Greece and Europe as a whole.”
“On Friday, he had also called ECB president Mario Draghi and told him that the new Greek government aimed at reaching a solution with international partners over Greece’s bailout.”
“On Sunday EU Commission President Juncker talked about a compromise for Greece and Europe and seemed determined to keep Greece in the euro. From Juncker’s surrounding the message is that there will be no Grexit with him in charge.”
“Instead he suggested the Troika would be reformed and start focusing on general goals of economic policy with greater involvement of the member countries. This should be possible but only if the new Greek government confesses principle to the so far agreed austerity and reform.”
“Related to that Deputy Prime minister Dragasakis said he would not be surprised if there is a political agreement after Tsipras-Juncker meeting Wednesday. This should make extension of the current bailout unnecessary.”
Key Quotes
“Late Saturday, Greek prime minister Alexis Tsipras issued a statement, which to some extent should calm markets down. Tsipras expressed confidence in reaching an agreement, which could benefit both Greece and Europe as a whole.”
“On Friday, he had also called ECB president Mario Draghi and told him that the new Greek government aimed at reaching a solution with international partners over Greece’s bailout.”
“On Sunday EU Commission President Juncker talked about a compromise for Greece and Europe and seemed determined to keep Greece in the euro. From Juncker’s surrounding the message is that there will be no Grexit with him in charge.”
“Instead he suggested the Troika would be reformed and start focusing on general goals of economic policy with greater involvement of the member countries. This should be possible but only if the new Greek government confesses principle to the so far agreed austerity and reform.”
“Related to that Deputy Prime minister Dragasakis said he would not be surprised if there is a political agreement after Tsipras-Juncker meeting Wednesday. This should make extension of the current bailout unnecessary.”