The Germans, in principle, does not want to help Greece

"Today was originally the main theme of the day there was a problem in Greece" - comments Bank.ru analyst FxPro Alexander Kuptsikevech. "Today the international rating agency S & P downgraded the investment rating of Greece once on three steps. In fact, the sovereign bonds of the State of its value and riskiness were equated with garbage securities. Naturally, the single European currency has decreased significantly. Investors began to withdraw from commodity markets. Falling stock markets, the dollar grew. It is true that today in the last few hours there were some attempts to grow. Primarily influenced by the fact that the very head of the European Central Bank went to Germany to persuade the Germans to give credit to Greece. Made by many senior officials, who assured the market that default will not. In addition, the IMF said that he was ready to increase financial aid. However, the situation remains grave. Every day we hear new estimates of how much money do I need Greece to withdraw from the debt crisis. According to recent data, this show is now closer to 90-100 billion euros. This year, Greece had to refinance the bonds for 55 billion euros. That is to issue new bonds for that amount to pay off old ones. Part of the debt to refinance the Greek authorities failed, but still have 25 billion euros. Of course, the promised assistance of 45 billion euros should be enough. Now the last word for Germany. When almost all stated that the issue at least for the medium term is removed, market participants are relaxed, the Germans said "no need to hurry." And the cost of the Greek bonds immediately began to fall. Besides, now it appears that the Germans, in principle, does not want help, they are not opposed to the solution of this question is completely took over the IMF. So help itself - by no means settled the question. I think the euro will continue to decline. In my opinion, sovereign default is highly unlikely. But the debt restructuring is possible. When will the heavy and lengthy negotiations with German and French banks for a postponement of debt reduction, etc., it would have a negative impact on the market. Such a development is possible. Oil may fall to $ 70 per barrel. Still, the collapse will not happen. The financial system survive. The Russian currency market was falling ruble. The main reason - lower oil prices. The downtrend continues. The cost of "black gold" may fall even further ", - the expert believes. At 17:00 MSK in the UTS MICEX dollar rose to 29.3703 rubles ($ 0.2647), the euro, by contrast, fell slightly - up to 38.7521 rubles (-0.0653).