Financial Supervisory Commission Chairman William Tseng says that Greek voters’ rejection of an international bailout on Sunday will have little impact on Taiwan. Tseng was speaking Monday.
Tseng said that the Greek referendum’s impact on Taiwan will mostly be psychological. He said concern over the referendum’s outcome will gradually subside.
Tseng said that the period leading up to the Greek referendum did not see the surge in call rates and credit default swaps seen during the onset of the European debt crisis. He said that Taiwanese banks face little risk regardless of the outcome of Greece’s troubles.
Meanwhile, Deputy Finance Minister Wu Tang-chieh says that while the Greek debt crisis may have an effect on the Taipei stock exchange, its influence is likely to be brief and small.