Greece: Progress towards unlocking the next set of emergency funds – Deutsche Bank

Research Team at Deutsche Bank, suggests that some important progress has been made towards unlocking the next set of emergency funds for Greece.

Key Quotes

“Lawmakers yesterday approved a package of additional austerity measures including tax increases and pension cuts, as well as the formation of a new privatisation fund. The vote passed by a narrow majority of 153 lawmakers in the 300-seat parliament.

Unsurprisingly there was big pushback from the rival opposition parties, with the next stage now tomorrow’s Eurogroup meeting where the finer details are set to be discussed around debt relief and the actual disbursement of funds.”

May 23, 2016

Fed: Summer rate hike more likely than it previously believed - BBH

Research Team at BBH, notes that the Federal Reserve succeeded in convincing the market that a summer rate hike was more likely than it previously believed.

Japan did not accept the need for a weaker dollar - BBH

Research Team at BBH, notes that the Japanese did not accept the need for a weaker dollar at the Shanghai G20 meeting.