SaxoTV

Boye: Next 48 hours could be critical for Greece

319 views
July 06, 2015 angela, angela merkel, banking, bond, bond buying, bond investing, bond investors, bond market, bond markets, bond yields, bonds, bonds market, bonds update, boye, capital controls, ecb, ela, emergency liquidity assistance, euro, europe, european central bank, eurozone, fixed, fixed incom, fixed income, fixed income bonds, fixed income saxo bank, fixed income trading, france, francois, francois hollande, french president, german chancellor, germany, greece, greece bailout, greece crisis, greece debt, greece debt crisis, greece european union, greece exit, greek, greek bailout, greek banks, greek crisis, greek debt, greek debt talks, greek economy, greek negotiations, greek no vote, greek referendum, greek talks, greexit, grexit, hollande, july 2015, merkel, michael, michael boye, michael boye saxo bank, saxo, saxo bank, saxo bank bonds, saxo bank fixed income, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, saxowebtrader, summit, trade, trader, traders, trading, trading bonds, trading fixed income, trading floor, trading floor saxo tv, trading platform, trading risks, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, tradingfloorcom
Lots of action in the bond markets after Greek voters rejected the terms of a new bailout, says Saxo Bank’s Michael Boye. And with all the uncertainty after the Greek referendum, the next 48 hours will be critical, he adds.

Boye says markets will be monitoring how the European Central Bank and leaders from the 19-member Eurozone respond after Greek voters on Sunday rejected the terms of a new bailout from the international creditors.

The ECB will on Monday discuss whether to continue to provide Greek banks with emergency liquidity assistance (ELA). Monday evening German Chancellor Angela Merkel is meeting French President Francois Hollande in Paris ahead of a Eurozone summit on Tuesday, where Greece will be the only matter on the agenda.

Boye says the European leadership is in a real bind in terms of how to respond to Greece and here’s why.