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23 Feb 2015
Is Friday’s deal now the end of the Greek crisis? – ING
FXStreet (Barcelona) - “No, not really”, answers Carsten Brzeski, Chief Economist at ING, as he comments on the future short-term and medium-term challenges to be faced in the eurogroup – Greece talks.
Keu Quotes
"In the short term, the next possible stumbling blocks are an agreement on the necessary structural reforms, approval of the deal by several national parliaments (the German Bundestag is expected to vote on Friday), approval of the deal in Greece and tangible results.”
“In the medium term, the discussions on debt sustainability and the need (and conditions) of a third programme could easily bring back tensions between Greece and its Eurozone partners. In this regards, Friday’s deal is an important first step but in our view it is a cease-fire, rather than a fully-fledged (economic) peace agreement.”
Keu Quotes
"In the short term, the next possible stumbling blocks are an agreement on the necessary structural reforms, approval of the deal by several national parliaments (the German Bundestag is expected to vote on Friday), approval of the deal in Greece and tangible results.”
“In the medium term, the discussions on debt sustainability and the need (and conditions) of a third programme could easily bring back tensions between Greece and its Eurozone partners. In this regards, Friday’s deal is an important first step but in our view it is a cease-fire, rather than a fully-fledged (economic) peace agreement.”