According to Nomura’s Craig Chan, the liquidity infusion from the ECB has significantly reduced credit risks and has eased the pressure on the rupee.
Gustavo Bagattini of RBC Capital Markets believes that the decision of a referendum by the Greek Prime Minister will bring into play Greek politics, which will not be good for markets.
Mark Matthews of Julius Baer expects the Germany to vote in favour of increasing size of the European Financial Stability Facility (EFSF). However, he warns that even if EFSF expands, debt issue will be an overhang.