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23 Feb 2015
Greece’s long road to a final deal has just started – DB
FXStreet (Edinburgh) - Analysts at Deutsche Bank assessed the initial steps in the recent agreement between Greece and the Eurogroup.
Key Quotes
“Summarising briefly the next steps, today Greece will have to submit a list of "reform measures" it plans to undertake”.
“Assuming this gets agreed the next step would include detailed negotiations around the fiscal targets for this and next year and the required structural reforms to be undertaken”.
“The Eurogroup has set an end-April deadline for this to be achieved, to be followed by the final step which is for it to be ratified by the Greek parliament - not a straight forward task given the outcome from Friday”.
“Only when passed will funding be released. While this is being worked on there are concerns about how the Greece government and the banks will fund themselves over the next two months”.
Key Quotes
“Summarising briefly the next steps, today Greece will have to submit a list of "reform measures" it plans to undertake”.
“Assuming this gets agreed the next step would include detailed negotiations around the fiscal targets for this and next year and the required structural reforms to be undertaken”.
“The Eurogroup has set an end-April deadline for this to be achieved, to be followed by the final step which is for it to be ratified by the Greek parliament - not a straight forward task given the outcome from Friday”.
“Only when passed will funding be released. While this is being worked on there are concerns about how the Greece government and the banks will fund themselves over the next two months”.