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19 May 2015
Greeks optimistic on an agreement this week – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Desk, comments on the recent developments surrounding the Greece debt deal, noting that the President of the European Commission has proposed a deal to grant around EUR 5bn in June to the Greeks.
Key Quotes
“Greek officials have renewed hope that an agreement can be made this week to unlock billions of euros to stop the country going bankrupt."
“Jean-Claude Juncker, the president of the European Commission is said to have outlined a much more favourable deal to the Greek government, as It would delay austerity measures but still require the government to push through labour market reforms. The proposed deal would grant Greece around €5bn in June, in time to meet repayments to the International Monetary Fund which total €1.5bn. However, the figure is less than the previously reported sum of €7.2bn due to the fact that the IMF is unlikely to release its share, as they are supposedly unhappy with the Juncker deal.”
Key Quotes
“Greek officials have renewed hope that an agreement can be made this week to unlock billions of euros to stop the country going bankrupt."
“Jean-Claude Juncker, the president of the European Commission is said to have outlined a much more favourable deal to the Greek government, as It would delay austerity measures but still require the government to push through labour market reforms. The proposed deal would grant Greece around €5bn in June, in time to meet repayments to the International Monetary Fund which total €1.5bn. However, the figure is less than the previously reported sum of €7.2bn due to the fact that the IMF is unlikely to release its share, as they are supposedly unhappy with the Juncker deal.”