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1 Apr 2015
Time running out for Greece – MP
FXStreet (Barcelona) - Dean Popplewell, Director of Currency Analysis at MarketPulse, mentions that the next tranche of bailout for Greece has to be soon as the country might literally go broke soon.
Key Quotes
“How far the EUR is capable of progressing in the short-term will depend entirely on Greece as there “time is running out.” Greece needs to agree on a reform deal to unlock the next tranche of bailout money (April 20) or literally go broke.”
“So far, they have submitted insufficient alternatives to their lenders that contain the kind of convincing details that would have them receive the much-needed funds.”
“Euro leaders and politicians are very frustrated with Greece’s inexperienced political entourage. The longer this goes on there is a slight possibility that Russia may be able to come to the Greeks rescue. This would be a relationship that most of Europe would not be pleased about.”
Key Quotes
“How far the EUR is capable of progressing in the short-term will depend entirely on Greece as there “time is running out.” Greece needs to agree on a reform deal to unlock the next tranche of bailout money (April 20) or literally go broke.”
“So far, they have submitted insufficient alternatives to their lenders that contain the kind of convincing details that would have them receive the much-needed funds.”
“Euro leaders and politicians are very frustrated with Greece’s inexperienced political entourage. The longer this goes on there is a slight possibility that Russia may be able to come to the Greeks rescue. This would be a relationship that most of Europe would not be pleased about.”