Banks, pensions, businesses and State hang by a thread
Banks, pensions, businesses and State hang by a thread
After the resounding rejection of the stabilization plans in the country by the Greek voters, a new period of uncertainty opens up at the critical economic fronts.
UPD:
After the resounding rejection of the stabilization plans in the country by the Greek voters, a new period of uncertainty opens up at the critical economic fronts.
Depending also on the political developments that will take place today within the new setting:
- decisions on recapitalization of banks fall behind
- plans for faster tax revenue remain uncertain
- Troika talks freeze (for now?) until the appearance of a clear succession state in the political scene
- the tranche of 5.3 billion expected to be received on May 10 by the Greek government remains uncertain
Depending also on the political developments that will take place today within the new setting:
- decisions on recapitalization of banks fall behind
- plans for faster tax revenue remain uncertain
- Troika talks freeze (for now?) until the appearance of a clear succession state in the political scene
- the tranche of 5.3 billion expected to be received on May 10 by the Greek government remains uncertain
- there will be controversy arising from any further discussions on spending cuts
- suffocation and non-liquidity in the Greek market are extended, the direction of which had been given for decades by the state and the political developments
-businesses and households are called upon to adjust their plans in the face of latent conditions, trends and correlations, and even prepare for a complete default of the country
And all this while the country and the EU should make clear whether the Greek government will pay out or cut bondholders under foreign law on May 15 and whether they will cause a credit event or default, with any effects this might have on the stay of our country in the euro or the future of the eurozone.
- suffocation and non-liquidity in the Greek market are extended, the direction of which had been given for decades by the state and the political developments
-businesses and households are called upon to adjust their plans in the face of latent conditions, trends and correlations, and even prepare for a complete default of the country
And all this while the country and the EU should make clear whether the Greek government will pay out or cut bondholders under foreign law on May 15 and whether they will cause a credit event or default, with any effects this might have on the stay of our country in the euro or the future of the eurozone.
UPD:
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