All the attention on Greece – DB

FXStreet (Edinburgh) - Analysts at Deutsche Bank remarked the significance of today’s second meeting between the Eurogroup and Greece.

Key Quotes

“The Eurogroup meeting starts at 15.00 CET so we should start to hear progress updates during the evening”.

“There’s been little in terms of leaks over the weekend in the run up to the event. In fact, on the whole comment from officials has generally been more conciliatory”.

“Quoted in German press Stern over the weekend, Greek PM Tsipras was quoted as saying that ‘we’re looking at difficult negotiations on Monday’ but ‘nevertheless, I’m full of confidence’.

“Meanwhile, Greek finance minister Varoufakis was noted in Ekathimerini as saying that ‘developments over the last few days have given me a significant degree of hope that, despite the difference, there is an appetite on both sides for finding common ground between the previous program and a new agreement between Europe and Greece’.

“In the same article Varoufakis was also quoted as saying that ‘our resolute stance on totally logical matters will, in the final analysis, lead to a mutually beneficial convergence, even at the 11th hour’.

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