18 Feb 2015
Eurogroup meeting hinges on today’s Greek proposal – DB
FXStreet (Edinburgh) - In the view of analysts at Deutsche Bank, the Greek proposal to be presented today will be key in light of the potential Eurogroup meeting on Friday.
Key Quotes
“Clearly the sticking point to any sort of extension will centre around the substance of the terms themselves”.
“For now however, markets will probably see the news as a positive step with a view to a Friday Eurogroup meeting, although the more important and time-consuming details of it still need to be negotiated”.
“Greek press Ekathimerini have noted that a proposal from Greece will be sent to Eurogroup Chief Dijsselbloem this morning who will then decide if it merits an extraordinary meeting on Friday”.
“Given the necessary parliamentary ratification process required before February 28th, this is much closer to one minute to midnight than the other Eurogroup meetings held so far”.
Key Quotes
“Clearly the sticking point to any sort of extension will centre around the substance of the terms themselves”.
“For now however, markets will probably see the news as a positive step with a view to a Friday Eurogroup meeting, although the more important and time-consuming details of it still need to be negotiated”.
“Greek press Ekathimerini have noted that a proposal from Greece will be sent to Eurogroup Chief Dijsselbloem this morning who will then decide if it merits an extraordinary meeting on Friday”.
“Given the necessary parliamentary ratification process required before February 28th, this is much closer to one minute to midnight than the other Eurogroup meetings held so far”.