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22 Jun 2015
Greek negotiations update - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the events surrounding Greece on the opening day of this week's negotiations.
Key Quotes:
"It was all about Greece once again across the financial markets, with sentiment flipping between hopes on a deal and the discouragement of another delay, all through the day."
"Needless to say, a deal has not been yet reached, and the Eurogroup head, Jeroen Dijsselbloem, has said that a new proposal coming from Greece will be studied in the next few days, in order to get a deal this week."
"In the meantime, the clock keeps ticking for the troubled country, and the banks withdrawals were said to have been of around €5bn last week, whilst Greek pre-orders for deposit withdrawals on Monday were said to have reached €1bn, forcing the ECB to extend the ELA facilities for a third time in five days. In the US, existing-home sales increased in May to their highest pace in nearly six years, according to official data, reaching 5.35 million."
Key Quotes:
"It was all about Greece once again across the financial markets, with sentiment flipping between hopes on a deal and the discouragement of another delay, all through the day."
"Needless to say, a deal has not been yet reached, and the Eurogroup head, Jeroen Dijsselbloem, has said that a new proposal coming from Greece will be studied in the next few days, in order to get a deal this week."
"In the meantime, the clock keeps ticking for the troubled country, and the banks withdrawals were said to have been of around €5bn last week, whilst Greek pre-orders for deposit withdrawals on Monday were said to have reached €1bn, forcing the ECB to extend the ELA facilities for a third time in five days. In the US, existing-home sales increased in May to their highest pace in nearly six years, according to official data, reaching 5.35 million."