Grexit: A question of when and not if – Investec

FXStreet (Barcelona) - The Investec Team notes that Grexit is now looking inevitable, and with yesterday’s meeting failing to derive any solution, the market speculation for a potential Greece exit has only climbed.

Key Quotes

“The Telegraph this morning are reporting that several senior British Government figures now believe it is inevitable that Greece will now leave Eurozone. "One senior figure with knowledge of Cabinet-level discussions said: “It is now a question of when and not if. The current situation is only a sticking plaster. Grexit is now looking inevitable”.”

“The lack of agreement at the Euro Group was not a big surprise, but the concern is they haven't been able to make any noticeable progress, a minimum expectation for those optimistic.”