FXStreet (Buenos Aires) – A long day of negotiations has left nothing but the idea that the European Finance Ministers are punishing Tsipras for challenging them with last week’s referendum. After over seven hours of negotiations, creditors are asking Athens to improve their proposal, and offer some guarantees on a soon implementation of the reforms, in order to continue talking.
There were two news quite discouraging in this frustrated negotiations Saturday, the first one, pointing that Germany has planned a temporal Grexit, until the country is able to implement reforms and regain creditors’ confidence. Secondly, Finland is opposing firmly to the deal, which means the country can be the one frustrating the possibility of a new deal. With no agreement in the table, the EU leaders will have another summit on Sunday. Also, the Greek economy minister George Stathakis has warned that the capital controls could extend all though the summer.
(Market News Provided by FXstreet)