In an interview with CNBC-TV18, Hans Goetti, CIO Asia of Finaport spoke about his reading of the European summit and his outlook.
Below is a verbatim transcript of the interview. Also watch the video. Q: We have seen quite a bit of weakness in markets, especially ever since the draft guidelines from the Summit were leaked. Do you think the markets had built up a lot of hope and that the first signs of bad news would actually signal a big downside for these markets, even if some small significant positives were to come out of the Summit?A: Yes, markets have built up very high expectations and at the end of the day, what the markets want to see, are concrete steps towards fiscal integration of the Eurozone. But that is easier said than done. There treaty changes require democratic process. It has to go through vote in all counters. That
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