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23 Feb 2015
Greece's first step; Euro awaits - Rabobank
FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank noted the conditions around the procedures for Greece's bailout extension. Today is key.
Key Quotes:
"The EUR has already given back some of the gains made on the back of Friday’s news that Greece has been granted a 4 month extension of its bailout."
"While immediate financial catastrophe may have been avoided for Greece, it is clear that there is plenty of potential for the country’s economic woes to remain in the headlines in the coming months."
"Firstly, Greece must come through with a detailed list of reforms by this evening for Friday’s agreement to stand."
Key Quotes:
"The EUR has already given back some of the gains made on the back of Friday’s news that Greece has been granted a 4 month extension of its bailout."
"While immediate financial catastrophe may have been avoided for Greece, it is clear that there is plenty of potential for the country’s economic woes to remain in the headlines in the coming months."
"Firstly, Greece must come through with a detailed list of reforms by this evening for Friday’s agreement to stand."