"Merkel and Hollande might signal that they are willing to make some minor alterations to the existing bailout deal [with Greece]"
- Ben May, analyst at Capital Economics
Swiss stocks closed in red on Wednesday ahead of Greek Prime Minister Antonis Samaras meeting with German Chancellor Angela Merkel.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies lost 0.66% to 6,475.47. The broader Swiss Performance Index fell 0.65%.
"Merkel and Hollande might signal that they are willing to make some minor alterations to the existing bailout deal [with Greece], the former is likely to be reluctant to agree to anything which will increase the cost of Greece's second bailout package," said Ben May, analyst at Capital Economics.
"What's more, any formal changes to the deal are unlikely to be made until after a decision has been made on whether to release the next bailout loan tranche which is not scheduled until October."
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