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06-30-2015, 09:12 PM
Since the breakdown in negotiations between Greece and its international creditors over the country's debts, it has become very difficult to follow the crisis. At almost every moment, a new European leader puts in his two cents.
The Royal Bank of Scotland (RBS) published a memo on June 29 that sums up the different scenarios Greece faces once its residents vote on the proposed bailout plan in a referendum on July 5. The outcome of the vote, the possible resumption of negotiations, the European Central Bank’s (ECB) reactions, a possible exit from the eurozone... It’s all in there.
“If we start with the possibility of a 60/40 vote in favor of ‘yes’ going by recent polls, and assuming that there will not be a return to the Greek exit scenario in the case of a ‘yes’ victory, then we estimate the probability of a Greek exit at 40 percent (http://www.bloomberg.com/news/articles/2015-06-29/wall-street-shortens-odds-on-greece-spinning-out-of-euro-area) maximum, against 10 to 20 percent in our previous estimations,” RBS explains in their memo.
Follow this guide:
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This post originally appeared on HuffPost France (http://www.huffingtonpost.fr/2015/06/29/grece-grexit-greste-sortie-euro_n_7687534.html?utm_hp_ref=france) and was translated into English. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. (http://start.westnet.ca/newstempch.php?article=terms.html/) It may be used for personal consumption, but may not be distributed on a website.
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More... (http://feeds.huffingtonpost.com/c/35496/f/677045/s/47b770c3/sc/24/l/0L0Shuffingtonpost0N0C20A150C0A60C30A0Cfuture0Eof0 Egreece0In0I76993220Bhtml/story01.htm)
The Royal Bank of Scotland (RBS) published a memo on June 29 that sums up the different scenarios Greece faces once its residents vote on the proposed bailout plan in a referendum on July 5. The outcome of the vote, the possible resumption of negotiations, the European Central Bank’s (ECB) reactions, a possible exit from the eurozone... It’s all in there.
“If we start with the possibility of a 60/40 vote in favor of ‘yes’ going by recent polls, and assuming that there will not be a return to the Greek exit scenario in the case of a ‘yes’ victory, then we estimate the probability of a Greek exit at 40 percent (http://www.bloomberg.com/news/articles/2015-06-29/wall-street-shortens-odds-on-greece-spinning-out-of-euro-area) maximum, against 10 to 20 percent in our previous estimations,” RBS explains in their memo.
Follow this guide:
http://big.assets.huffingtonpost.com/GresteGrexitENGLISH2.png
This post originally appeared on HuffPost France (http://www.huffingtonpost.fr/2015/06/29/grece-grexit-greste-sortie-euro_n_7687534.html?utm_hp_ref=france) and was translated into English. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. (http://start.westnet.ca/newstempch.php?article=terms.html/) It may be used for personal consumption, but may not be distributed on a website.
http://feeds.huffingtonpost.com/c/35496/f/677045/s/47b770c3/sc/24/mf.gif
More... (http://feeds.huffingtonpost.com/c/35496/f/677045/s/47b770c3/sc/24/l/0L0Shuffingtonpost0N0C20A150C0A60C30A0Cfuture0Eof0 Egreece0In0I76993220Bhtml/story01.htm)