According to a report issued by the Royal Bank of Scotland, ” If the troika is to request additional austerity measures, the new Greek government will collapse and euro exit scenarios will return.”
According to RBS, a rather hot September is expected for Greece, considering that this is when the IMF will actually push Europe to take difficult decisions and force changes in the Greek program.
According to the bank’s report, the solutions for Greece can only be counted on the fingers of one hand. More specifically the options are a new big haircut of the Greek debt, a new aid package to Greece, filling the funding gap by raising treasury bill issues or a new austerity package.
The Royal Bank of Scotland examining these four solutions one by one stated that a new haircut or new austerity measures are the most possible ones.
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