8 Jul 2013
Greece expected to reach last minute deal with the Troika
FXstreet.com (Barcelona) - Greece's bailout negotiations with Troika inspectors, which begun last week, are expected to be finalized today, just in time for the Eurogroup meeting which kicks off in the European afternoon.
If Athens reaches an agreement with its international lenders it will receive the next tranche of aid worth 8.1 billion euros. Over the weekend comments from various officials taking part in the talks were rather optimistic about Greece's ability to deliver on its bailout commitments.
Poul Thomsen, Deputy Director of the IMF's European Department and currently in charge of the IMF's programs with Greece said on Sunday: "We made very good progress. I hope we will conclude tomorrow morning before the Eurogroup meeting."
Eurozone finance ministers who gather for a meeting in Brussels in the afternoon will discuss the situation in Greece as well as the recent political turmoil in Portugal, which led to a sharp spike in the country's bond yields. "Watch out for those peripheral spreads today for any signs the euro-debt crisis is smouldering again," the Danske Bank team of analysts advise.
If Athens reaches an agreement with its international lenders it will receive the next tranche of aid worth 8.1 billion euros. Over the weekend comments from various officials taking part in the talks were rather optimistic about Greece's ability to deliver on its bailout commitments.
Poul Thomsen, Deputy Director of the IMF's European Department and currently in charge of the IMF's programs with Greece said on Sunday: "We made very good progress. I hope we will conclude tomorrow morning before the Eurogroup meeting."
Eurozone finance ministers who gather for a meeting in Brussels in the afternoon will discuss the situation in Greece as well as the recent political turmoil in Portugal, which led to a sharp spike in the country's bond yields. "Watch out for those peripheral spreads today for any signs the euro-debt crisis is smouldering again," the Danske Bank team of analysts advise.