Pathlight Insights – Greek Default
Slower Growth? Higher Rates?
After almost three years of staying out of the headlines, the focus again has turned to Greece and their potential debt default. In fact this week, Greece closed banks and limited withdrawals from ATMs to only 60 Euro per day.
When you couple this with underwhelming economic growth and the potential for a Fed Rate hike, macroeconomic concerns are now driving markets, thus increasing volatility….