20 Feb 2015
Greece and Eurozone close to a deal? – TDS
FXStreet (Barcelona) - Cristian Maggio, Head of Emerging Markets Research at TD Securities, notes that divergence between Greece and Germany remain substantial but there are reports going around which suggest a deal is underway.
Key Quotes
“A Reuters article echoing a senior Greek official saying that “Greece and the euro zone are close to a deal on a financing-for-reforms package” suggests that this announcement could be imminent. However, while this would be the only logical conclusion of the Greek drama, we remain wary that incidents may also happen.”
“Divergence of views between Greek and German governments remains substantial, even though Reuters reported a Greek official saying that a lot of concessions have been made by Greece which “have covered four fifths of the distance, they [the Eurozone] also need to cover one fifth.”
Key Quotes
“A Reuters article echoing a senior Greek official saying that “Greece and the euro zone are close to a deal on a financing-for-reforms package” suggests that this announcement could be imminent. However, while this would be the only logical conclusion of the Greek drama, we remain wary that incidents may also happen.”
“Divergence of views between Greek and German governments remains substantial, even though Reuters reported a Greek official saying that a lot of concessions have been made by Greece which “have covered four fifths of the distance, they [the Eurozone] also need to cover one fifth.”