The Greece debt crisis has been one of the major global issues for quite some time. Mark Konyn, CEO of RCM, a company of Allianz Global Investors, in an interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, analysed the situation in Greece and how would it impact India.
He feels that India would be in for some policy surprise in the second half of this year which will dent the international appetite for India. He said, "Potentially, we could see a weaker market as we move through the second half of this year." Below is the verbatim transcript of the interview. Also watch the accompanying video. Q: How do you see this situation playing out? Do you think the worst is over because the lenders have agreed or do you think you can still see some precipitous decline in euro dollar and the rise in the dollar index?
A: This is an important step forward as this austerity package goes in front of the lawmakers. There is expectation now that this package will be accepted. In conjunction with the measures announced in terms of banks being able roll over their debt and convert it into 30 year bonds.
Various aid packages have been coming in from the European government ECB. Even though Greece is able to manage their liquidity and debt situation immediately, there are significant structural issues that play in the Greek economy. This isn
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