Greek Default 2015 Poll

[specuvestor]

It's actually quite hard to call... my guess is that it will end with an agreement around June 30 or few days later with a technical default. That's why I didn't vote

Trick is to consider what are the scenarios when 1) Default with no agreement 2) Technical default with agreement 3) No default; and what timeline one looks at

Most people don't realise that Greece cannot be kicked out... there is no provision in the EU for that. It can only choose to get out by act of local parliament or referendum.

Either way ECB is making clear that the Greek financial system is important to the orderly monetary union mechanism and EU is getting more vested by the ECB actions. Like I said German leaders understand the implications... problem is the populace might not.

DUBLIN/FRANKFURT, June 23 (Reuters) - The European Central Bank increased its funding lifeline to Greece's banks again on Tuesday, sources with direct knowledge of the decision said, allowing the country's banks to stay open as Athens inches towards a deal with creditors.

But the latest increase, which one of the people said amounted to "a bit less than one billion euros", prompted warnings from politicians in Germany and Ireland.

It raises the amount of Emergency Liquidity Assistance (ELA) to around 89 billion euros ($100 billion), a growing liability that is worrying many around the euro zone.

One of the people who spoke to Reuters said the decision had been prompted by "the positive signal from the leaders' summit meeting" and hopes that a deal was at hand.

But Ralph Brinkhaus, deputy parliamentary floor leader for German Chancellor Angela Merkel's conservatives, criticised the decision and called on Athens to introduce controls on the movement of money instead.
http://www.reuters.com/article/2015/06/2...3D20150623