19 Feb 2015
Greek loan extension gets all the attention – DB
FXStreet (Edinburgh) - Analysts at Deutsche Bank remarks the relevance of the Greek proposal of a loan extension, expected at some point today.
Key Quotes
“The anticipated request for a 6-month loan extension was said to be postponed to today”.
“It’s not entirely clear why the request was delayed however it didn’t appear to upset markets with risk assets in Europe in particular having a stronger day – which we’ll touch upon later”.
“Clearly some of the debate remains in the actual substance of the proposal which will ultimately decide which way we go on Friday”.
“German finance minister Schaeuble maintained his stance on the situation, quoted on Reuters as saying that ‘our room for maneuver is limited’ and that ‘we must keep in mind that we have a huge responsibility to keep Europe stable’.
“Greek finance minister Varoufakis meanwhile said that ‘the application will be written in such a way so that it will satisfy both the Greek side and the president of the Eurogroup’”.
Key Quotes
“The anticipated request for a 6-month loan extension was said to be postponed to today”.
“It’s not entirely clear why the request was delayed however it didn’t appear to upset markets with risk assets in Europe in particular having a stronger day – which we’ll touch upon later”.
“Clearly some of the debate remains in the actual substance of the proposal which will ultimately decide which way we go on Friday”.
“German finance minister Schaeuble maintained his stance on the situation, quoted on Reuters as saying that ‘our room for maneuver is limited’ and that ‘we must keep in mind that we have a huge responsibility to keep Europe stable’.
“Greek finance minister Varoufakis meanwhile said that ‘the application will be written in such a way so that it will satisfy both the Greek side and the president of the Eurogroup’”.