Grexit remains a key focus this week – ANZ

FXStreet (Barcelona) – With Greece due to make an IMF repayment later this week, and concerns looming around the country’s cash position, Grexit remains the key focus in the markets, as noted by Economists at ANZ.

Key Quotes

“While there is plenty domestically to focus on, ‘Grexit’ remains a key focus for financial markets this week. Greece is due to make a payment to the IMF on Friday (one of four payments totalling EUR1.6bn this month) and while there are concerns there may not be enough cash, reports last week suggested the Greek authorities would be able to delay all repayments until the end of the month.”

“Key policymakers (Draghi, Merkel and Hollande) are reportedly meeting in Berlin tonight, and there is little doubt these discussions will be taking on a greater sense of urgency.”

With Greece due to make an IMF repayment later this week, and concerns looming around the country’s cash position, Grexit remains the key focus in the markets, as noted by Economists at ANZ.

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