Please click the link below to view Shane Oliver’s views on Greece following the no vote.
Key points covered are:
- The Greek no vote means more uncertainty ahead regarding Greece, with significantly heightened risk of a Greek exit from the Euro.
- The threat of a flow on to other Eurozone countries is likely to keep markets on edge in the short term.
- However contagion is likely to be limited as the rest of Europe is now in far stronger shape than was the case in the 2010-12 Eurozone crisis and defence mechanisms against contagion are now stronger.
- As a result we don’t see the Greece derailing the European or global economic recoveries.
- So while the correction in shares looks like it might go further, the broad rising trend in markets is likely to continue.
