FXStreet (Barcelona) – Sharing the key developments surrounding the Greece debt deal issue, the Investec Team further believes that a 11th hour deal might still be on the cards.
Key Quotes
“Across the channel, the euro remains only marginally down despite the IMF exiting talks with Greece late yesterday afternoon. Comments from the IMF’s main spokesman on Greece, Gerry Rice, implied that there were ‘major differences’ on negotiations and that the parties were ‘well away’ from an agreement, again citing the familiar major differences over pensions and taxes.”
“Additionally he also stated that the IMF’s technical discussions with Greece have now stopped and the IMF’s team has withdrawn from the discussions in Brussels. This morning, the German newspaper Bild are reporting that the German government is considering debt haircuts for Greece, if Greece were to default.”
“Furthermore it is reported the European Commission have handed Greece an ultimatum and sources are suggesting that Greece’s Syriza party might be willing to act upon the Troika’s proposal. So it seems after all the dust has settled we may still be on course for an 11th hour deal and another solid kick of the Greek can down the road.”
(Market News Provided by FXstreet)