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RBI: Grexit Still an Option
RBI analysts conclude in their latest risk analysis, that today’s summit agreement should not be taken as end to the risk of Grexit yet. If the agreement fails to clear the necessary parliamentary hurdles, the ECB could soon withdraw its support for Greek banks, forcing Greece out of the Euro. Even after a successful conclusion of negotiations the risk of Grexit could soon resurface: If the willingness of the Greek government to implement reforms declines again after the current pressure is reduced, todays crisis summit would be followed be new ones, whenever a new aid tranche has to be paid out.
Alexis Tsipras: Euro summit sets the course towards new aid package / Picture: © Wikipedia / Zagreb1234
After Greece submitted a list of reform proposals and intended fiscal measures to the institutions on Thursday evening, euro area finance ministers on Saturday outlined steps necessary for them to consent to the formal start of negotiations on a third aid package. Due to the fact that the discussion is now whether or not to grand a complete new program lasting three years instead of…
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