16 Feb 2015
EUR volatility likely to increase it Greek discussions fail to reach an agreement – BTMU
FXStreet (Barcelona) - Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, mentions that with Greece running out of time to reach at an agreement, EUR might experience increase in volatility if today’s discussions fail to reach an agreement.
Key Quotes
“The main focus today in the European trading session will be the Eurogroup meeting on Greece. The new Greek government is running out of time to reach an agreement with its international creditors to extend the current bail out agreement beyond the end of this month.”
“The FT has reported today that at preparatory discussions over the weekend which were intended to define and compare relative positions, the Greek government raised far more objections to the existing bail out conditions than the 30% cited by Finance Minister Varoufakis.”
“Euro volatility is likely to increase if a an agreement is not reached.”
Key Quotes
“The main focus today in the European trading session will be the Eurogroup meeting on Greece. The new Greek government is running out of time to reach an agreement with its international creditors to extend the current bail out agreement beyond the end of this month.”
“The FT has reported today that at preparatory discussions over the weekend which were intended to define and compare relative positions, the Greek government raised far more objections to the existing bail out conditions than the 30% cited by Finance Minister Varoufakis.”
“Euro volatility is likely to increase if a an agreement is not reached.”