ING-Diba AG : Greek euro exit is manageable

22.06.2015 / 01:28

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Comments from Carsten Brzeski, chief economist of ING-Diba AG in Frankfurt :

"Merkel has still got an outstretched hand to the Greeks, but it's pretty clear right now that she's not going to move beyond the middle of the table to seal a deal at any price

The Greeks must wake up fast to the reality that Germany has done its homework and gauged that a Greek euro exit is manageable"
The Bloomberg piece also quotes a "person who asked not to be identified discussing government deliberations":

German chancellor says she wants to keep the euro intact
(but) Tsipras is probably overestimating her willingness to compromise
Her stance is backed by a chancellery estimate that the financial impact on Germany of a Greek default would be limited to 1 billion euros ($1.1 billion) a year

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ING-Diba AG : Greek euro exit is manageable

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