Sees 40% Chance Of A 'Grexit'
a report published Sunday, a team of UBS analysts discussed
recent developments in Greece, noting that a deal between
the country and its creditors was looking "increasingly
likely" in recent days, but now the opposite is the case
following the government's call for a referendum on July 5.
citizens will be vote on whether they accept the institutions'
(fiscal measures) proposals.
to the analysts, a "yes" vote could ultimately be
a positive development for both Europe and the markets and
pave the way for a Greek government that is "more amenable
to economic reforms." In addition, this could result
in more "generous" concessions from creditors. However,
the analysts noted that near-term "significant"
shock to market expectation raised uncertainty, as well as
the probability of an adverse "no" outcome.