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11 May 2015
Greece still hopeful of positive statement from Eurogroup meeting – BTMU
FXStreet (Barcelona) - With Eurogroup set to meet today, Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes that the Greek government remains hopeful to reach a deal soon.
Key Quotes
“It has been reported that Greece’s government remains hopeful that the meeting today of euro-zone finance ministers will highlight the progress that is being made in negotiations to secure the release of additional short-term financing. The Greek government hopes to reach a deal soon.”
“The Eurogroup have already ruled securing a deal at today’s meeting saying that too many issues remain unresolved. Officials have stated that any statement they release today is unlikely to be enough to allow the ECB to raise the limit on short-term Treasury bills that Greek banks can purchase. It has been reported as well that Greece and its EU and IMF lenders remains at odds on budget, labour and pensions issues.”
“The Greek government’s dwindling cash reserves will be highlighted further tomorrow when a EUR750 million repayment is due to the IMF.”
Key Quotes
“It has been reported that Greece’s government remains hopeful that the meeting today of euro-zone finance ministers will highlight the progress that is being made in negotiations to secure the release of additional short-term financing. The Greek government hopes to reach a deal soon.”
“The Eurogroup have already ruled securing a deal at today’s meeting saying that too many issues remain unresolved. Officials have stated that any statement they release today is unlikely to be enough to allow the ECB to raise the limit on short-term Treasury bills that Greek banks can purchase. It has been reported as well that Greece and its EU and IMF lenders remains at odds on budget, labour and pensions issues.”
“The Greek government’s dwindling cash reserves will be highlighted further tomorrow when a EUR750 million repayment is due to the IMF.”