As Greece faces having to push major reforms through parliament before Wednesday to prove to its creditors it can follow through with their terms, investors are getting twitchy.
A breakdown in trust between Greece and its lenders has led to soured relations, particularly with the euro zone’s largest economy Germany. This in turn has made it very difficult for asset managers to make investment decisions as markets remain highly volatile.
“I think the market went into the weekend thinking we were going to get a better result than it looks like we’re getting, so once again markets were ahead of the politics and I think the permutations that have emerged like this “waiting room” idea is very difficult to implement, but underscores how nobody really wants Grexit and yet no one know how to resolve it,” Tina Fordham, chief global political analyst at Citi told CNBC.
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