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Richard Gibbs, Global head of Macquarie Securities Views on Greek Crisis

Richard Gibbs, Global head of Macquarie Securities has aired his views on the Greek Crisis and we quote verbatum to help you access the problem in the right perspective.

I suspect G20 will do little to remove the uncertainty and won’t change the brinkmanship. Now, the line has been drawn in the sand by Prime Minister George Papandreou that is December 4, it goes to vote. Obviously the only think it that could really circumvent that is if there is a vote of no-confidence in the government and the Prime Minister in Greece ahead of that referendum, which would suggest then that the referendum would not go ahead. I suppose the best we can expect is further volatility as we see the politics play out, particularly the internal politics within Greece.

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