FXStreet (Barcelona) – The Investec Team shares an update regarding the key developments surrounding the Greece deal crisis.
Key Quotes
“There were some developments on Greek negotiations yesterday, with rumours that the German government would consider offering Greece a gradual payment of aid, while the ECB was said to have marginally increased the Emergency Liquidity Assistance ceiling for Greek banks to EUR 83 billion.”
“The Euro continues to remain solid on dips on hopes that we will soon move closer to a Greek resolution, although with only 3 weeks to go before the extended bailout expires, the pressure is clearly on and time is tight.”
“Press reports that the creditors dismissed the counter-proposal Greece submitted at the beginning of the week, due to it being “insufficient”, were a sharp reminder that nothing is certain.”
(Market News Provided by FXstreet)