It’s a brave new world for Greece (and Europe!). Here's what'll happen now...

Greek voters are clear: no new austerity measures imposed by creditors in exchange for additional funding!

Mike Hugman, Strategist for Emerging Market Debt at Investec, explores some likely short-term scenarios.

Scroll down to listen to the audio.

We’re split on whether this will lead to Greece leaving the euro.

Mike Hugman, Strategist for Emerging Market Debt at Investec

Angela Merkel is in a very strong position. If a program is agreed upon within the next few days then a lot of the austerity measures will still stand. This ‘no’ vote doesn’t necessarily give the Greek president the muscle he wants.

Mike Hugman, Strategist for Emerging Market Debt at Investec

The pressure on Greece in the short-term comes from the banks having run out of euros. The ECB will continue to deny them euros if the Greeks don’t play along. Then Greece will have to operate a second currency that might or might not become permanent.

Mike Hugman, Strategist for Emerging Market Debt at Investec

China’s market crash is much more important to the world than Greece.

Mike Hugman, Strategist for Emerging Market Debt at Investec

This article first appeared on 702 : It’s a brave new world for Greece (and Europe!). Here's what'll happen now...


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Hate plastic? Grocer Nude Foods doesn’t have any of it! It’s also cheaper…

Hate plastic? Grocer Nude Foods doesn’t have any of it! It’s also cheaper…

The concept is not new, or a hipster fad. The Money Show’s Bruce Whitfield interviews Nude Foods founder Paul Rubin.

'Motsoaledi won’t collapse private coverage, but he will harm its quality'

'Motsoaledi won’t collapse private coverage, but he will harm its quality'

The country is poised to make history. Bruce Whitfield interviews Prof Alex van den Heever of the Wits School of Governance.

The world is reliant on fertilizer and this is who controls most of it

The world is reliant on fertilizer and this is who controls most of it

One country holds as much as 70% of the world’s phosphate and we can’t feed the world without it.

If Greece was a man; this is how he would sound. We interview Mr Greece...

If Greece was a man; this is how he would sound. We interview Mr Greece...

Imagine Greece was a person. Now check out this interview of Mr. Greece on The Money Show. It's funny and informative.

Should Greece and the European Union part ways?

Should Greece and the European Union part ways?

ETM Director George Glynos on whether or not Greece and the European Union should divorce.

Facebook rejects Lance Browneye. Parmalat recalls denatured, re-watered PureJoy

Facebook rejects Lance Browneye. Parmalat recalls denatured, re-watered PureJoy

Business blunders including the Greek Finance Minister’s bizarre previous job and SA's unrealistic dream to glow in the dark.

Popular articles
'Basetsana Kumalo explained to me that this was the worst week of her life'

'Basetsana Kumalo explained to me that this was the worst week of her life'

Social Media Law Expert, Emma Sadleir, says the Randburg court has issued a protection order for the Kumalo's.

A third Metrorail train goes up in flames in less than a month

A third Metrorail train goes up in flames in less than a month

Regional manager, Richard Walker, says there's an indication of arson in all three incidents but the motive is still not clear.

'Cyril Ramaphosa is the weakest president of the ANC since 1994' - analyst

'Cyril Ramaphosa is the weakest president of the ANC since 1994' - analyst

Political analyst Prince Mashele talks about the ANC NEC meeting contradicting messages stemming from this.

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

Max du Preez opens up about money (and losing everything on Vrye Weekblad)

The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.

Malema under fire after 'Indians are racist' comment

Malema under fire after 'Indians are racist' comment

SA Institute of Race Relations media head Micheal Morris says politicians must be cautious of such divisive statements they make.

[WATCH] Eusebius Mckaiser: I call BS on Malema's racism targeting Indians

[WATCH] Eusebius Mckaiser: I call BS on Malema's racism targeting Indians

Show host Eusebius McKaiser says EFF's leader Julius Malema's comments on Indians are grossly unacceptable and irresponsible.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Stage 1 load s​hedding has been declared nationally. The City of Cape Town has urged residents to take note of the schedules.

Man who dumped body of family dog in street demoted at top JHB law firm

Man who dumped body of family dog in street demoted at top JHB law firm

Media law guru Emma Sadleir warns employees online that there are many potential events that could bring a company into disrepute.