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19 May 2015
Greece dragging behind on debt talks – UOB
FXStreet (Barcelona) - Analysts at UOB mention that although Greeks remain hopeful of reaching a technical agreement with its creditors in the Brussels Group meeting today, on the 19th of May, news sources have quoted that the Greece government has failed to make any significant progress in the past meetings.
Key Quotes
“Greece remains on the radar as the Greek finance minister, Yanis Varoufakis, said on Monday (18 May) saying that he expects Greece to come to an agreement with its bailout international creditors within “about a week” and that Greece will not agree to a new deal without debt restructuring.”
“However, according to a Bloomberg report citing two unnamed European officials, Greece has not made enough progress in its talks with euro-area authorities to seal a deal by this week’s 21-22 May EU Leaders’ summit in Riga, Latvia. This is even as Greece continues to be hopeful that it can reach a technical agreement with its creditors at a Brussels Group meeting today (19 May) with the aim of reaching political approval at the EU Leaders’ summit.”
Key Quotes
“Greece remains on the radar as the Greek finance minister, Yanis Varoufakis, said on Monday (18 May) saying that he expects Greece to come to an agreement with its bailout international creditors within “about a week” and that Greece will not agree to a new deal without debt restructuring.”
“However, according to a Bloomberg report citing two unnamed European officials, Greece has not made enough progress in its talks with euro-area authorities to seal a deal by this week’s 21-22 May EU Leaders’ summit in Riga, Latvia. This is even as Greece continues to be hopeful that it can reach a technical agreement with its creditors at a Brussels Group meeting today (19 May) with the aim of reaching political approval at the EU Leaders’ summit.”