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24 Feb 2015
Implementation risks remain for Greece financial support extension – BTMU
FXStreet (Barcelona) - Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ, comments on the ongoing developments between the EU-Greek discussions.
Key Quotes
“The impact of ongoing negotiations to extend financial support for Greece continues to have little impact on the euro. Even the brief relief euro rally proved short-lived after a provisional agreement to extend financial support to Greece was reached late last week.”
“Implementation risks remain high before Greece can secure additional financing.”
“Euro-zone finance ministers are expected to hold a conference call today to discuss Greece’s economic reform plans.”
“The FT has reported that talks were more constructive yesterday between Greek and EU officials which lead to a decision to hold a conference call today rather than a meeting to resolve differences.”
“A senior official involved has been quoted as saying that “I’d put my money on {approval}” of the reforms at today’s conference call.”
“At the very least the extension of financial support for Greece has prevented a sharper euro sell off in the near-term.”
Key Quotes
“The impact of ongoing negotiations to extend financial support for Greece continues to have little impact on the euro. Even the brief relief euro rally proved short-lived after a provisional agreement to extend financial support to Greece was reached late last week.”
“Implementation risks remain high before Greece can secure additional financing.”
“Euro-zone finance ministers are expected to hold a conference call today to discuss Greece’s economic reform plans.”
“The FT has reported that talks were more constructive yesterday between Greek and EU officials which lead to a decision to hold a conference call today rather than a meeting to resolve differences.”
“A senior official involved has been quoted as saying that “I’d put my money on {approval}” of the reforms at today’s conference call.”
“At the very least the extension of financial support for Greece has prevented a sharper euro sell off in the near-term.”