February 21, 2012
Kevin Humphreys, (aka "broker Kevin") head of BGC's short end euro desk: "News overnight that agreement has finally been reached on the latest Greek bailout has been met with mixed enthusiasm so far. This is hardly surprising when we consider that there appears to be few of the parties involved coming away from negotiations truly happy. The Greeks themselves certainly do not appear happy, rather that they have been press-ganged into promising unsustainable measures with much of the bailout funds heading straight to creditors without actually having much of a positive impact on the economy. The eurogroup do not seem overly happy, having seen nothing other than deterioration in Greek fortunes since they were last asked to re-sell the joint-enterprise European community idea to their electorate."
Elisabeth Afseth, fixed income analyst: "It's a bit like a game of tennis: two sets down and the opponent has three match points in the third. Greece just got back to deuce."
More
No comments:
Post a Comment