Goldman Sachs report says Grexit on the table again

Tensions between players will get worse, says Goldman Sachs

A Goldman Sachs report warns that a Grexit scenario has resurfaced, following the distrust caused between Greece and the IMF in the wake of the leaked wikileaks documents revealing the Fund was pushing the country for harsher economic measures with the threat of a credit event. Goldman Sachs underlines that as July 20 approaches, when Greece is obliged to pay 2.2bln Euros in interest to the IMF, and amid negative news ‘dragging on’ in the international press, investors will shy away from opening positions in Euros. The report projects political tensions among the players will intensify over the next months, resulting in delays in the review of the Greek program by its creditors that could drag well into July. This development would coincide with the Brexit referendum in the same month.