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BofA Merrill Lynch foresees: Increased risk of early elections in Greece, no QE participation in September

Increased risk of early elections in Greece. Who says that? The Bank of America Merrill Lynch,  the corporate and investment banking division of Bank of America.

According to a report compiled by the company’s analysts, the increased risk of early elections is due to a weak majority coalition government and the tough measures the government will have to take in the context of the second review of the Greek program.

The BofA analysts studied the developments expected to take plac ein the second half of 2016 and predict a “noisy” future.

However, the investment bank remains cautiously optimistic and makes particular reference to the possibility that Greek bonds will be accepted in the quantitative easing program of the European Central Bank.

“As already mentioned, the time horizon of participation in QE remains questionable. The ECB will wait to assess the sustainability of the Greek debt after the agreement with creditors< the analysts note adding

Our assessment is that the ECB will not take a stand on this issue and will expect the  dispute between the European Commission and the ECB to be resolved, before carrying out its own assessment on the Greek debt. This indicates that participation in QE may not be possible in September. ”


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  1. It would be interesting to do a little research to discover exactly who owns much of Corporate Germany.
    It isn’t German interests, you’ll be surprised to discover.
    They had to sell of the assets to pay the bills.

    • Tell us more RD, because you are right. Bayer-Monsanto for example….

      Meanwhile, call me jaded, but who cares which fake and corrupted party wins: Troika rules either way under the dutch Kommandant. The charade of parties and parliament and voting is to maintain a pretense of”democracy”.

      • Giaourti Giaourtaki

        To give democracy the original meaning back an indefinite general-strike is the only way to stop this madness and get the power back to the people.