June 15th, 2012
Yesterday stock markets and the Euro rose on the rumors that secret opinion polls where showing that a government favorable to the bailout package was likely to emerge after the June 17 election and that central banks were ready to intervene. In short, optimism prevailed.
However the situation is not so rosy: the Syriza party is not advocating Greexit which the Greek are opposed to but to renegotiate the bailout package which is not so frightening to voters.
On the other hand if the pro-bailout party wins you can expect some social turmoil.
In short whatever the result Monday should offer a good opportunity to short the Euro.
Jean Jacques Chenier
AA Management Ltd.
www.aambvi.com
Yesterday stock markets and the Euro rose on the rumors that secret opinion polls where showing that a government favorable to the bailout package was likely to emerge after the June 17 election and that central banks were ready to intervene. In short, optimism prevailed.
However the situation is not so rosy: the Syriza party is not advocating Greexit which the Greek are opposed to but to renegotiate the bailout package which is not so frightening to voters.
On the other hand if the pro-bailout party wins you can expect some social turmoil.
In short whatever the result Monday should offer a good opportunity to short the Euro.
Jean Jacques Chenier
AA Management Ltd.
www.aambvi.com
No comments:
Post a Comment