Upgrades and "clean up" are seen by Morgan Stanley

Morgan Stanley is optimistic about the future of the Greek economy, giving an unmistakable "mark" in all directions of the country's history, which remains a "good" point in the publications published by the rating agencies the decision of the Eurogroup of 21 June.

The exit of Greece from the program will probably be successful, as Morgan Stanley points out in his badysis. As the economy is doing better and debt sustainability has improved, she believes that there will be new upgrades and a window of opportunity for the company. 39, accession of the country to the quantitative easing program (QE) of the European Central Bank. In the long run, however, he points out that the debt trajectory is more uncertain.

Greece is following the footsteps of other peripheral countries, he says, referring to a "clean exit" after the completion of the adjustment program. There is, however, a lot to be done to make the exit a success, some of which do not control the country. Greater market fluctuations, for example, due to uncertainty on the European political scene, constitute a risk. Morgan Stanley, however, argues that unless there is a surprise on this front, the situation in Greece improves in a way that the exit scenario will become a reality.

The main "pillows" are the important amount to cover financial needs, but also the fact that the financial sector is in better shape, with a sharp decline in dependence on ELA, even if red credits remain high. The easing of capital control is also a positive development

In any case, the question of whether the debt is viable was commented on: "there is no clear answer", but medium-term estimates are good. includes the possibility of upgrades to rating agencies, which will support investor confidence. Another question is whether the country will join QE. It considers that, given the Commission's estimate that the debt will be trending downwards, the ECB has the possibility to take this step.

Optimism Reggel

Optimistic about the future of Greece The CEO of the euro area Klaus Relinging appeared with his statements in the German newspaper Handelsblatt

"Today I am optimistic when I look at the period after the end of the ESM program on August 20. If Greece remains in the reform phase, I see a good future for her in the euro zone, "he said yesterday. , while the question of what Greece can learn from countries coming out of their own programs, replied: The program countries, such as Ireland and Spain, have the highest growth rates raised in Europe. "

Meanwhile," the June 21 debt settlement agreement is a window of opportunity for the country's regularity and sustainable growth, "he said. Article of the Committee on Energy Efficiency of Renewable Energies, Professor Charalambos Gotsis, Chairman of the Hellenic Capital Market Commission, stressed that "with the extension of repayment and grace period … in addition to 39, a reduction in net present value, in his service for fifteen years. "