Grexit

Uncertainty Increases In Greece, But Signs Of Contagion Remain Limited

Uncertainty Increases In Greece, But Signs Of Contagion Remain Limited by OFR
Developments in Greece, a sharp equity market correction in China, and Puerto Rico’s announcement of a potential debt restructuring have driven risk sentiment in financial markets. The key market focus has been the negotiations between Greece and its official creditors to secure needed government financing. Uncertainty increased significantly in late June, when the Greek government broke off negotiations, called a referendum on the official creditors’ proposal, established capital controls, and missed a payment to the . . .

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