FXStreet (Buenos Aires) – Right after midnight, the Greek Parliament gave Alexis Tsipras the authority to negotiate the new bailout, by passing the bill on the new reforms with a wide majority of 250 voting in favor, and 32 against it.
Nevertheless, and ahead of the EU finance ministers summit this Saturday, there are some news making the round that the creditors believe that the latest Greek proposal can be the basis for negotiations, albeit may not be enough, considering the “significant deterioration of macroeconomic and financial conditions in Greece.”
It’s going to be a tough day of negotiations in Europe, although if the Finance Ministers summit approves the deal, the EU leaders meeting scheduled for Sunday will be likely cancelled.
(Market News Provided by FXstreet)