May 17, 2012, 04.02 PM IST

EU on edge till Greek polls on June 17: RBC

Gustavo Bagattini of RBC Capital Markets spoke to CNBC-TV18 about Greece being on the top of everybody's minds in Europe.

Midcap Radar at 01:30 pm

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Gustavo Bagattini of RBC Capital Markets spoke to CNBC-TV18 about Greece being on the top of everybody's minds and every section of the economic community across the Europe is eagerly watching out for any signal, till the elections on June 17, that might indicate a fundamental direction that country is to take.

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"I think Greece is first and foremost in people's minds partly because the situation there is unresolved. All eyes are eagerly watching out for any signal before the June 17 elections which will indicate a fundamental direction as to whether Greece will stay in the EU or not," says Bagattini.

He also added that overnight leaders across the Europe including EU President Barroso and the ECB have announced, reaffirmed and restated their desired commitment for Greece to stay within the EU.

"But it looks like we are now in a situation and what they are trying to do is win the hearts and the minds of the Greek voters and to try to ensure that the outcome of the June 17 election is one which will be for continued Greek involvement in the euro and continued application of the reforms required by international creditors."