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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  

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