Debt Deal Buys Time for Greece and EU

Featuring Michael Nicoletos

Michael Nicoletos, co-founder and CIO of AppleTree Capital, assesses the investment landscape for Greece, in the wake of the European debt agreement, against a backdrop of significant interest by funds. Michael dissects the financial settlement and outlines the structural reforms still needed in Greece, as well as what the decision means for EU unity and the signals to watch for on the road ahead. Filmed on June 16, 2017, in London.

Published on
29 June, 2017
Topic
Europe
Duration
19 minutes
Asset class
Currencies, Bonds/Rates/Credit, Equities
Rating
32

Comments

  • WM

    Will M.

    8 7 2017 14:05

    0       0

    So... what I picked up from this interesting segment is that Greece has NOT really addressed its problems. The country has not seen any real improvement, its government still spends way too much as a proportion of the economy, debt is still rising, it remains trapped in the Euro, the officials who caused this problem remain free in society. There may wish opportunities there for speculators but I see the country as ripe for a political shock and eventual drachmatization.

  • RP

    Ryan P.

    6 7 2017 01:43

    0       0

    Anyone see the circle at 5:18 go from the top right screen to the bottom?

  • DM

    Daniel M.

    2 7 2017 14:55

    7       0

    While on the topic of Greece, RealVision, could you please try to get Yanis Varoufakis? Look at this presentation where he talks about what money is and how it IS politics: https://www.youtube.com/watch?v=gU-xVYLtO_E. He has such insight into the problems facing greece and the EU.

  • HK

    H K.

    30 6 2017 12:32

    8       0

    Just give 3% of your nations resources in prepetuity to a system that was designed to fail. Sheer lunacy!!

    Get out of the Euro, devalue the Dracma have a several years of pain and get on with life. Good luck Greek people - beautiful country with good people.

  • DS

    David S.

    29 6 2017 20:44

    12       1

    I really feel for the Greeks - a great country and one of the greatest histories. This crisis will damage generations of Greeks as the US depression damaged generations of Americans. In like manner when WWI war reparations caused a depression in Germany. In 2001 when Greece entered the Euro, economic incentives favored borrowing to the hilt, retiring early, and collecting elevated pensions in many Euro countries. Now that Trump has made it clear that Europe is basically on its own, members of the Euro community must get their club in order or dissolve the Euro. Continuing the status quo will not work! Postponing crisis after crisis will not work! Increasing Greek debt will not work. DLS

  • RM

    Ronnie M.

    29 6 2017 20:30

    10       0

    How about the significant amount of Chinese infrastructure and tourism investment as part of Belt and Road? Athens/Greece should benefit greatly from this. What is your view?

  • MS

    Matt S.

    29 6 2017 15:05

    7       0

    So the Fed bailed out the Wall St banks, now the Eurogroup is bailing out the European Central Bank (using Greece as a proxy), so someone (probably the IMF with Yaun in it's SDR basket) will bail out the Eurogroup one day... what a stinking mess.

    Greece will never, ever, be free of debt.

  • HJ

    Harry J.

    29 6 2017 14:20

    1       1

    This is a good use of time if your crazy enough to have a position in Greece!!!

  • NP

    Nikolaos P.

    29 6 2017 12:31

    1       0

    What opportunities do you see on the non-listed side?