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15 Apr 2015
A Greece-EU deal remains unlikely this month – DB
FXStreet (Edinburgh) - Analysts at Deutsche Bank remarked the possibility that Greece and its EU peers could not clinch a deal before the Eurogroup meeting on April 24th.
Key Quotes
“Back to Greece, headlines that European officials have indicated a deal is unlikely to be reached by the April 24th Eurogroup meeting attracted attention”.
“According to German press Handelsblatt, EC Vice-President Dombrovskis said that the EU is unlikely to agree to Greek aid this month given the lack of readiness by authorities to reform pension and labour markets”.
“EU ministers will instead take stock of progress according to the report. Warning signs were also sent from the ECB’s Knott who warned that a default for Greece may have a contagion effect, particularly in the event of an un-hoped for bankruptcy”.
“The IMF’s Blanchard warned that, unsurprisingly, more work still needs to be done and that a ‘crisis that would unsettle financial markets can’t be ruled out’.
Key Quotes
“Back to Greece, headlines that European officials have indicated a deal is unlikely to be reached by the April 24th Eurogroup meeting attracted attention”.
“According to German press Handelsblatt, EC Vice-President Dombrovskis said that the EU is unlikely to agree to Greek aid this month given the lack of readiness by authorities to reform pension and labour markets”.
“EU ministers will instead take stock of progress according to the report. Warning signs were also sent from the ECB’s Knott who warned that a default for Greece may have a contagion effect, particularly in the event of an un-hoped for bankruptcy”.
“The IMF’s Blanchard warned that, unsurprisingly, more work still needs to be done and that a ‘crisis that would unsettle financial markets can’t be ruled out’.