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21 May 2015
Riga summit: Developments related to Greece in focus – BTMU
FXStreet (Barcelona) - Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, notes the key focus in the EUR leaders Riga summit over the next days would be on talks related to Greece debt deal.
Key Quotes
“Developments at the EU Leaders Summit over the next two days will also be in focus. German Finance Minister Schaeuble has stated that he “would consider for a long time before repeating that Greece won’t go bankrupt” highlighting that it remains a clear possibility as the Greek government is quickly running out of time to reach an agreement to secure short-term financing.”
“A Greek government official has also warned that it will not be able to make the IMF repayment due on the 5th June without financial support.”
“The ECB discussed the collateral haircut schedule for Greek government-linked assets yesterday but refrained from tightening liquidity conditions for the Greek banking sector.”
Key Quotes
“Developments at the EU Leaders Summit over the next two days will also be in focus. German Finance Minister Schaeuble has stated that he “would consider for a long time before repeating that Greece won’t go bankrupt” highlighting that it remains a clear possibility as the Greek government is quickly running out of time to reach an agreement to secure short-term financing.”
“A Greek government official has also warned that it will not be able to make the IMF repayment due on the 5th June without financial support.”
“The ECB discussed the collateral haircut schedule for Greek government-linked assets yesterday but refrained from tightening liquidity conditions for the Greek banking sector.”