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1 Jul 2015
Greece referendum: ‘No’ vote to cost Eurozone 2.4% of GDP – RBS
FXStreet (Barcelona) - RBS research analysts predict a Eurozone GDP hit of 2.4% if the Greece referendum results in a ‘No’ vote, notes Brian Daingerfield, FX Trading Strategist at RBS.
Key Quotes
“Our credit research colleagues estimate that the cost of a no-vote in the referendum on Sunday would cost 2.4% of Euro-area GDP, or around €239bn."
"The ECB is due to hold a non-monetary policy meeting tomorrow where, according to ECB member Nowotny, the ECB will discuss whether to extend the ELA.”
Key Quotes
“Our credit research colleagues estimate that the cost of a no-vote in the referendum on Sunday would cost 2.4% of Euro-area GDP, or around €239bn."
"The ECB is due to hold a non-monetary policy meeting tomorrow where, according to ECB member Nowotny, the ECB will discuss whether to extend the ELA.”