28 Apr 2015
Varoufakis sidelined as Tsipras reshuffles negotiating team – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team, provides an update about the key developments in the Greece debt-deal scenario, with Greek PM Tsipras reorganizing the bailout negotiation team and side-lining Varoufakis.
Key Quotes
“Alexis Tsipras is reorganising his bailout negotiating team and has side-lined his finance minister after three months of fruitless talks with international creditors. George Chouliarakis, a professor at Manchester University will take a more prominent role in the negotiations to try and repair the battered relations between the Euro-Zone’s finance ministers in Riga, last Friday.”
“The Athens stock market rose nearly 4.4 per cent on the news and borrowing costs on Greece’s July 2017 bonds were down almost 4 percentage points from Friday’s close to 21 per cent.”
Key Quotes
“Alexis Tsipras is reorganising his bailout negotiating team and has side-lined his finance minister after three months of fruitless talks with international creditors. George Chouliarakis, a professor at Manchester University will take a more prominent role in the negotiations to try and repair the battered relations between the Euro-Zone’s finance ministers in Riga, last Friday.”
“The Athens stock market rose nearly 4.4 per cent on the news and borrowing costs on Greece’s July 2017 bonds were down almost 4 percentage points from Friday’s close to 21 per cent.”