By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, Edition 22 2015
Key Points
- A “reform for funding” deal between Greece and its creditors looks likely and may now be agreed this week. This would be positive for Eurozone assets. It would then have to pass various parliaments though.
- Alternatively if no deal is passed and Greece heads towards default and exit from the Euro, expect more short term volatility in financial markets. However, the rest of Europe is now in far stronger shape than was the case in the 2010-12 Eurozone crisis.
- Eurozone shares remain relatively attractive.