Back
1 Jun 2015
Greek headlines keep undermining EUR – BTMU
FXStreet (Edinburgh) - Lee Hardman, Currency Analyst at BTMU, notes the negative influence of Greek developments in the single currency.
Key Quotes
“The euro has been weighed down early this week by unfavourable headlines over the weekend regarding the ongoing negotiations between Greece and its creditors”.
“The Greek governments’ hopes for a quick agreement to secure financial support appear to be fading as evident by comments from Greek Prime Minister Tsipras in Le Monde newspaper in which he accused the bailout monitors of making “absurd” demands and seeking to impose “harsh punishment” on Greece”.
“He added that such a path would mean the “abolition of democracy”.
“Euro-zone officials have in recent days accused the Greek government of using similar public statements as a negotiating ploy in an attempt to divide the IMF from the European Commission”.
“A EUR300 million repayment is due to the IMF on Friday although the IMF will permit all the repayments due in June to be delayed until the end of the month”.
“German Chancellor Merkel and French President Hollande are scheduled to meet today”.
Key Quotes
“The euro has been weighed down early this week by unfavourable headlines over the weekend regarding the ongoing negotiations between Greece and its creditors”.
“The Greek governments’ hopes for a quick agreement to secure financial support appear to be fading as evident by comments from Greek Prime Minister Tsipras in Le Monde newspaper in which he accused the bailout monitors of making “absurd” demands and seeking to impose “harsh punishment” on Greece”.
“He added that such a path would mean the “abolition of democracy”.
“Euro-zone officials have in recent days accused the Greek government of using similar public statements as a negotiating ploy in an attempt to divide the IMF from the European Commission”.
“A EUR300 million repayment is due to the IMF on Friday although the IMF will permit all the repayments due in June to be delayed until the end of the month”.
“German Chancellor Merkel and French President Hollande are scheduled to meet today”.