Greece: the die is cast
02.07.2015 - Philippe Waechter
Markets analysis by Philippe Waechter, chief economist.
"The deadline for the negotiations between the Greek government and the Troika (IMF, European Union, ECB) has passed - but Greece has not repaid the €1.6bn due to the IMF.
Yet, a final U-turn and a final proposal from the Greek government to the Troika yesterday gave rise to an unsuccessful Eurogroup phone conference. At the same time, the discreet request to the IMF for an additional repayment deferral went unheeded."
Philippe Waechter is Head of the economic research department of Natixis Asset Management.
Philippe joined Bred Banque Populaire in April 1988 as an economist. In 1994 he became Director of the economic research department. When Banque Populaire Asset Management was created in June 1998 (which then became Natexis Asset Management in May 2003) Philippe held the same position.
Philippe is graduated from the University of Paris I and worked as a Professor at the University of Evry from 2002 to 2003. He regularly works for the print and audiovisual media.
Philippe Waechter . 4h ago
RT @pdegrauwe: T.May: "to restore our parliamentary democracy, national self-determination, and to become more global". Impossible trilemma…
Philippe Waechter . 9h ago
Du sang et des larmes pour créer le Global Britain de Theresa May https://t.co/oVRVHJwKnG