15 Jun 2015
Greece-EU deal still elusive – DB
FXStreet (Edinburgh) - Jim Reid, Analyst at Deutsche Bank, reviewed the recent developments regarding the debt talks between Greece and its EU peers.
Key Quotes
“In terms of Greece, this weekend’s talks have yielded an all too familiar result after yet another breakdown in negotiations between the Greek government and its Creditors”.
“Following the meeting by the Greek delegate and staffers from the European Commission, which after a lengthier discussion on Saturday lasted just 45 minutes yesterday, a spokesman for the EC was quoted as saying that ‘while some progress was made, the talks did not succeed as there remains a significant gap’.
“The spokesman went on to say that ‘on this basis, further discussion will now have to take place in the Eurogroup’.
“Deputy PM Dragasakis, part of Greece’s negotiating team, said that there was no response from the institutions for discussions to be held at the necessary level and with the required authorization that would allow a solution to issues that remain open”.
Key Quotes
“In terms of Greece, this weekend’s talks have yielded an all too familiar result after yet another breakdown in negotiations between the Greek government and its Creditors”.
“Following the meeting by the Greek delegate and staffers from the European Commission, which after a lengthier discussion on Saturday lasted just 45 minutes yesterday, a spokesman for the EC was quoted as saying that ‘while some progress was made, the talks did not succeed as there remains a significant gap’.
“The spokesman went on to say that ‘on this basis, further discussion will now have to take place in the Eurogroup’.
“Deputy PM Dragasakis, part of Greece’s negotiating team, said that there was no response from the institutions for discussions to be held at the necessary level and with the required authorization that would allow a solution to issues that remain open”.