-
EUR Reaction: 3 Scenarios In Our Greek Playbook - Morgan Stanley
Another deadline has come and gone with Greece appearing to be no closer to a deal with its creditors, notes Morgan Stanley. "The focus is now on the month-end IMF payment along with Greece’s regular wage and pension bill. Beyond here, the ECB payment due July 20 is set to be seen as critical," MS adds. "The likely EUR reaction to Greek developments is far from simple, where the asset market and broader risk impact have a vital role, for near-term activity at least," MS argues. In at attempt to provide more insights on that, MS outlines the 3 key scenarios in its Greek playbook and how they likely impact the ... (full story)