Generali CEO: A Greek Compromise Deal not Helpful

The euro zone is getting better, but uncertainty regarding Greece will continue for at least a few more weeks, the CEO of Europe’s third-largest insurer, Generali, said Wednesday.

“I think they will come with a solution in next days or weeks. Likely this solution will be further compromise and will postpone the issues to later on and this will buy further time,” CEO Mario Greco said in an interview with CNBC’s “Closing Bell.”  “At the end of the day, there are structural issues there which need to be resolved, and a compromise is not very helpful.”

On Wednesday, Greece’s international creditors signaled they were ready to compromise with the debt-stricken nation to avert a default even as Athens warned it might skip an IMF loan repayment due this week.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.