As the EU sends an envoy to Greece to salvage the debt deal, would the Eurozone survive Grexit? Carsten Hesse, emerging European equity strategist at Berenberg, says Yes. Although tensions are flaring up again, it remains highly unlikely that Greece will leave the Eurozone. It has already done 80-90 per cent of the required fiscal repair and structural reforms and two-thirds of Greeks want to keep the euro. The current noise sounds like [...]
With fresh IMF warnings over Greece’s “unsustainable” debt, is the Eurozone crisis about to heat up again? Jennifer McKeown, chief European economist at Capital Economics, says Yes. The IMF’s renewed assertion that Greek public debt is unsustainable is little more than a statement of the obvious. But it suggests that the Fund will not contribute to the bailout as had been hoped, implying that Eurozone creditors will need to foot the bill [...]
