20 Feb 2015
Markets await the verdict on Greece debt deal – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team comments on the ongoing Eurogroup-Germany-Greek talks, adding that the recent reports indicate towards a positive end to the discussions.
Key Quotes
“After two failed attempts to reach a compromise over the past week, the Germany-Greece standoff over the extent of continued austerity attached to ongoing lending is in its final throes heading into more conclusive Eurogroup talks.”
“After the German Finance Ministry spoiled hopes for a tentative agreement overnight by dismissing the Greek proposals for not having enough "substantive solutions", subsequent reports have been somewhat more encouraging.”
“Greek PM Tsipras and German Chancellor Merkel reportedly held a 'constructive' phone call, and a meeting of deputies was said to have brought the two sides closer to the framework for compromise.”
“ECB's Weidmann appears to have maintained his unyielding stance in the same vein as his principled Bundesbank predecessors however, noting that Athens request to allow its bonds' use of collateral would be granted only if Greece abides by prior conditions.”
Key Quotes
“After two failed attempts to reach a compromise over the past week, the Germany-Greece standoff over the extent of continued austerity attached to ongoing lending is in its final throes heading into more conclusive Eurogroup talks.”
“After the German Finance Ministry spoiled hopes for a tentative agreement overnight by dismissing the Greek proposals for not having enough "substantive solutions", subsequent reports have been somewhat more encouraging.”
“Greek PM Tsipras and German Chancellor Merkel reportedly held a 'constructive' phone call, and a meeting of deputies was said to have brought the two sides closer to the framework for compromise.”
“ECB's Weidmann appears to have maintained his unyielding stance in the same vein as his principled Bundesbank predecessors however, noting that Athens request to allow its bonds' use of collateral would be granted only if Greece abides by prior conditions.”