25 May 2015
Grexit uncertainties; Key events for the EZ - UOB
FXStreet (Guatemala) - Lee Sue Ann, analyst at UOB Group explained that much of the focus in the Eurozone will remain on Greece with uncertainties over a Grexit remaining.
Key Quotes:
"There has been no reported progress on Greece’s negotiations with its international creditors, following last week’s meeting between Greek Prime Minister Tsipras, German Chancellor Merkel and French President Hollande."
"Separately, it has been reported that German Finance Minister Schaeuble raised the possibility that Greece may need to introduce a parallel currency to operate alongside the EUR. There were no named sources or any type of confirmation though."
"This week as far as economic data is concerned, on Wednesday we will receive an update on consumer confidence in France and Germany, together with mortgage lending in Spain."
"On Thursday, we receive the European Commission’s economic sentiment index for May as well as national consumer and business confidence readings in Italy. On Friday we will be interested in the ECB’s money and credit aggregates for April, whilst we will also receive April retail spending in France and the flash May CPI in Spain."
Key Quotes:
"There has been no reported progress on Greece’s negotiations with its international creditors, following last week’s meeting between Greek Prime Minister Tsipras, German Chancellor Merkel and French President Hollande."
"Separately, it has been reported that German Finance Minister Schaeuble raised the possibility that Greece may need to introduce a parallel currency to operate alongside the EUR. There were no named sources or any type of confirmation though."
"This week as far as economic data is concerned, on Wednesday we will receive an update on consumer confidence in France and Germany, together with mortgage lending in Spain."
"On Thursday, we receive the European Commission’s economic sentiment index for May as well as national consumer and business confidence readings in Italy. On Friday we will be interested in the ECB’s money and credit aggregates for April, whilst we will also receive April retail spending in France and the flash May CPI in Spain."