The Senior Strategist: Is Grexit Inevitable?

June 29, 2015

Greece is hanging on in the euro, possibly the EU, by the thinnest of threads.

Months of negotiations on a deal have collapsed and Prime Minister Alexis Tsipras has called a referendum for July 5th on the proposals from the IMF and the EU, which he says are against European values. But Eurozone finance ministers have refused to extend the bailout.

Default appears inevitable and there is a growing risk of Greece lurching out of the single currency - which has come to be known as Grexit.

Jyske Bank believes the financial markets will be turbulent this week, but there's no sign of panic in the markets.