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3 Apr 2015
Greek debt market discounting an elevated risk of default – BTMU
FXStreet (Barcelona) - The Bank of Tokyo-Mitsubishi UFJ Team, comments that the ongoing negotiations between Greece and its creditors remains frustratingly slow, and with IMF loan repayment near, the Greek government debt market has been discounting for an elevated risk of default.
Key Quotes
“The ongoing negotiations between the Greek government and its international creditors continue to remain frustratingly slow. The latest list of economic reforms submitted by the Greek government has shown progress but still fails to fully satisfy the Brussels Group. Negotiations will continue in the week ahead.”
“The Greek government is running out of time to secure financing. An IMF loan repayment totaling EUR458 million is due on the 9th April. The Greek government debt market is currently discounting an elevated risk of default.”
Key Quotes
“The ongoing negotiations between the Greek government and its international creditors continue to remain frustratingly slow. The latest list of economic reforms submitted by the Greek government has shown progress but still fails to fully satisfy the Brussels Group. Negotiations will continue in the week ahead.”
“The Greek government is running out of time to secure financing. An IMF loan repayment totaling EUR458 million is due on the 9th April. The Greek government debt market is currently discounting an elevated risk of default.”