16 Jun 2015
Important differences still remain in EU-Greece talks – DB
FXStreet (Edinburgh) - Jim Reid, Analyst at Deutsche Bank, reviews the latest developments in the Greek front.
Key Quotes
“It was another of negative headlines on this ongoing saga again yesterday”.
“German newspaper Suddeutsche Zeitung highlighted that Greece may be asked to impose capital controls this weekend should no deal be reached by then, while also noting that an EU leader summit could be possible for Friday in the case that no deal is agreed at Thursday’s Eurogroup”.
“Greek PM Tsipras continues to remain defiant meanwhile, saying that ‘we will wait patiently for the institutions to adhere to realism’ while Greek spokesman Sakellaridis said that ‘we have largely reached our limits’ and that the country’s Creditors would have to show a willingness to compromise before Greece accepts”.
“On the other side the ECB’s Draghi meanwhile reiterated that the ‘ball lies squarely in the camp of the Greek government to take the necessary steps’ while Bundesbank President Weidmann highlighted that the likelihood of no agreement being reached is only rising”.
Key Quotes
“It was another of negative headlines on this ongoing saga again yesterday”.
“German newspaper Suddeutsche Zeitung highlighted that Greece may be asked to impose capital controls this weekend should no deal be reached by then, while also noting that an EU leader summit could be possible for Friday in the case that no deal is agreed at Thursday’s Eurogroup”.
“Greek PM Tsipras continues to remain defiant meanwhile, saying that ‘we will wait patiently for the institutions to adhere to realism’ while Greek spokesman Sakellaridis said that ‘we have largely reached our limits’ and that the country’s Creditors would have to show a willingness to compromise before Greece accepts”.
“On the other side the ECB’s Draghi meanwhile reiterated that the ‘ball lies squarely in the camp of the Greek government to take the necessary steps’ while Bundesbank President Weidmann highlighted that the likelihood of no agreement being reached is only rising”.