UBS Sees 40% Chance Of A 'Grexit'

     In 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.

     Greek citizens will be vote on whether they accept the institutions' (fiscal measures) proposals.

     According 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.

     Read more: http://www.benzinga.com/analyst-ratings/analyst-color/15/06/5631555/ubs-sees-40-chance-of-a-grexit#ixzz3eWoO6CHl

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