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Wednesday, February 4, 2015

Berenberg Macro Flash : GREECE: A FIRST STEP AWAY FROM THE BRINK?

www.berenberg.de/uploads/tx_news/150203_Macro-news_greeceuturn.pdf

Varoufakis wants to present detailed proposals for such a new deal before the end of February. Encouragingly, he
admitted that in the pursuit of a modest primary surplus, the new Greek government may have to backtrack on
some of its election promises for more public spending.
That is a start. But serious problems remain:
- The Greek problem is more about competitiveness...

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