Back
10 Apr 2015
Greece remains in centre stage – DB
FXStreet (Edinburgh) - Analysts at Deutsche Bank noted the recent developments from the Greek front.
Key Quotes
“News that Greece repaid its €450m IMF loan - as largely expected since the weekend - helped support the better tone in European markets”.
“Headlines that the ELA cap for Greek banks was once again raised as well as comments from finance minister Varoufakis saying that the government is looking at restarting the privatization process of public assets also probably helped”.
“Interestingly, Greek press Ekathimerini is reporting that during the Euro Working Group meeting on Wednesday, technical staff gave Greece a six working days deadline to present its reform proposals while the Greek side continues to suggest that the government expects to run out of cash by April 24th”.
“The ECB Governing Council meeting next Wednesday should attract attention with time now ticking down”.
Key Quotes
“News that Greece repaid its €450m IMF loan - as largely expected since the weekend - helped support the better tone in European markets”.
“Headlines that the ELA cap for Greek banks was once again raised as well as comments from finance minister Varoufakis saying that the government is looking at restarting the privatization process of public assets also probably helped”.
“Interestingly, Greek press Ekathimerini is reporting that during the Euro Working Group meeting on Wednesday, technical staff gave Greece a six working days deadline to present its reform proposals while the Greek side continues to suggest that the government expects to run out of cash by April 24th”.
“The ECB Governing Council meeting next Wednesday should attract attention with time now ticking down”.