JP Morgan: “Greece is unlikely to default on its loan payments”

A recent JP Morgan report suggests that Greece is unlikely to default, but will likely hop from one financial crisis to the next, as it…

A recent JP Morgan report suggests that Greece is unlikely to default, but will likely hop from one financial crisis to the next, as it struggles to face its challenges.

According to the report conducted by Bruce Kasman, David Hensley and Joseph Lupton, the Greek government will not default on its loan payments, out of fear of capital restrictions that would follow.

The report suggests that concessions from both sides will ensure that the necessary progress is achieved so that some European funding disbursement is restored.

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