JP Morgan is of the opinion that the new Greek government will have to water-down its rhetoric on the crucial economy front.
According to the global investment firm, the pressure on the new Greek government will emanate from four sources.
1. Europe’s fiscal and banking sector.
2. Debt repayment.
3. The need for Greek banks to have access to ECB liquidity.
4. Greece’s wish to partake in the ECB’s new fiscal program, for which it needs to be in a program.