Tuesday, May 19, 2015

GREECE: No Progress until Tsipras chooses

www.berenberg.de/uploads/tx_news/150519_Macro-news_Update_Greece.pdf

As Greece is failing to come up with credible alter As Greece is failing to come up with credible alternatives for the reforms demanded, ternatives for the reforms demanded, we expect the natives for the reforms demanded, Eurozone
and the IMF to table a “take-it-or-leave-it” proposal soon to end this exasperating back-and-forth and make the
choice clear to Greece. That would include in detail what is required to unlock the final €7.2bn instalment of the
second bail-out and under what conditions Greece could obtain the inevitable third bail-out. T

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