Greece May Have Capital Controls by Monday If No Deal Struck: CS
2015-06-26 06:50:12.546 GMT
By Deborah L Hyde
(Bloomberg) -- If a deal to unlock aid for Greece isn’t
struck over the weekend, we don’t exclude capital controls by
Monday, Credit Suisse analysts write in a client note.
* The costs of failure for all parties are too high for there
not to be an agreement to extend Greece’s program
*
* The primary risk is that the Greek parliament baulks at
the terms demanded by the creditors; although this
hurdle can be cleared, albeit with the possibility of a
messy political realignment
* A deal should be finalized over the weekend, in order to
allow the Greek Parliament and the Bundestag to vote by
Tuesday
* The real hard deadline is actually Tuesday, when bailout
program extension expires
* NOTE: Merkel says weekend talks on Greece "decisive"
For Related News and Information:
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To contact the reporter on this story:
Deborah L Hyde in London at +44-20-3525-4829 or
dhyde10@bloomberg.net
To contact the editors responsible for this story:
Deborah L Hyde at +44-20-3525-4829 or
dhyde10@bloomberg.net
Charles Daly
2015-06-26 06:50:12.546 GMT
By Deborah L Hyde
(Bloomberg) -- If a deal to unlock aid for Greece isn’t
struck over the weekend, we don’t exclude capital controls by
Monday, Credit Suisse analysts write in a client note.
* The costs of failure for all parties are too high for there
not to be an agreement to extend Greece’s program
*
* The primary risk is that the Greek parliament baulks at
the terms demanded by the creditors; although this
hurdle can be cleared, albeit with the possibility of a
messy political realignment
* A deal should be finalized over the weekend, in order to
allow the Greek Parliament and the Bundestag to vote by
Tuesday
* The real hard deadline is actually Tuesday, when bailout
program extension expires
* NOTE: Merkel says weekend talks on Greece "decisive"
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Deborah L Hyde in London at +44-20-3525-4829 or
dhyde10@bloomberg.net
To contact the editors responsible for this story:
Deborah L Hyde at +44-20-3525-4829 or
dhyde10@bloomberg.net
Charles Daly