Bloomberg News

EU Should Renegotiate Greek Aid to Ease Market Tension, HFE Says

May 22, 2012

European leaders should renegotiate Greece’s bailout package to break the political deadlock in the nation that has driven up prices of haven assets and weakened the euro, according to High Frequency Economics.

“Only the European Union governments can open a door that leads to a political solution for Greece,” Carl B. Weinberg, founder and chief economist at High Frequency in Valhalla, New York, wrote in an investor note today. “Most of the differences between the parties in the Greek political mix would be mooted and a new government could be formed if the EU governments would back down and agree to negotiate new terms for Greece’s economic adjustment.”

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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