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19 May 2015
Greek rumours dominate the sentiment – DB
FXStreet (Edinburgh) - Analyst at Deutsche Bank Jim Reid reviewed the recent headlines from Greece.
Key Quotes
“With regards to Greece, various headlines suggesting that both sides are coming close to some sort of agreement continued once again yesterday”.
“Markets had initially got excited after Athens based newspaper To Vima reported that the EU Commission was said to propose a compromise for a deal, suggesting that Greece would receive a partial disbursement of funds in June in return for new targets for fiscal actions and a more lenient primary budget surplus”.
“This was swiftly played down by an EC spokeswoman however who said that she was unaware of the report and that talks are instead continuing to focus on a comprehensive deal”.
“In the meantime, the EC’s Moscovici commented that ‘we have moved closer to common understanding on reforms to be adopted in a number of areas’.
“The commissioner cited Greece’s value added tax system in particular, which according to Greek press Ekathimerini the Greek government yesterday submitted a reform proposal on to its creditors”.
Key Quotes
“With regards to Greece, various headlines suggesting that both sides are coming close to some sort of agreement continued once again yesterday”.
“Markets had initially got excited after Athens based newspaper To Vima reported that the EU Commission was said to propose a compromise for a deal, suggesting that Greece would receive a partial disbursement of funds in June in return for new targets for fiscal actions and a more lenient primary budget surplus”.
“This was swiftly played down by an EC spokeswoman however who said that she was unaware of the report and that talks are instead continuing to focus on a comprehensive deal”.
“In the meantime, the EC’s Moscovici commented that ‘we have moved closer to common understanding on reforms to be adopted in a number of areas’.
“The commissioner cited Greece’s value added tax system in particular, which according to Greek press Ekathimerini the Greek government yesterday submitted a reform proposal on to its creditors”.