2 Jul 2015
Greek referendum takes centre stage – DB
FXStreet (Edinburgh) - Jim Reid, Analyst at Deutsche Bank, reviewed the recent events on the Greek front.
Key Quotes
“Back to Greece, the better sentiment yesterday, particularly in early European trading, appeared to come about on the back of a story out of the FT which suggested that Tsipras was set to accept most of the earlier bailout terms”.
“Despite some additional concessions it appeared that some important differences still remained and focus instead turned to a defiant nationally-televised address from the Greek PM who once again reiterated a push towards a ‘no’ vote”.
“Addressing the people, Tsipras remarked that ‘the sirens of destruction are blackmailing you to say yes to everything without any prospect of exiting the crisis’ while ‘a no vote is a decisive step toward a better agreement that we aim to sign right after Sunday’s result’.
Key Quotes
“Back to Greece, the better sentiment yesterday, particularly in early European trading, appeared to come about on the back of a story out of the FT which suggested that Tsipras was set to accept most of the earlier bailout terms”.
“Despite some additional concessions it appeared that some important differences still remained and focus instead turned to a defiant nationally-televised address from the Greek PM who once again reiterated a push towards a ‘no’ vote”.
“Addressing the people, Tsipras remarked that ‘the sirens of destruction are blackmailing you to say yes to everything without any prospect of exiting the crisis’ while ‘a no vote is a decisive step toward a better agreement that we aim to sign right after Sunday’s result’.