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Economy |
Saxobank CIO Explains Why The Greek 'Problem' Won't Be Solved |
2015-06-25 |
[Zero Hedge] Even if a deal between Greece and its creditors is struck, the problem isn't solved," warns Saxobank CIO Steen Jakobsen, which leaves the door open to a snap election being called shortly and a referendum on continued membership of the EU just weeks later. Debt refinancing will be the first issue, with the country needing a significant discount. But how can the country secure that, asks Jakobsen, when the government is unwilling to bring in significant reforms? |
Posted by:Besoeker |
#3 Saxobank CIO Steen Jakobsen Of course it will fail. The spokesman is an IT guy. |
Posted by: Skidmark 2015-06-25 10:13 |
#2 That which cannot be repaid will not. |
Posted by: Glenmore 2015-06-25 07:53 |
#1 Basically, because you still have Greeks when you're done. |
Posted by: ed in texas 2015-06-25 07:10 |