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17 Apr 2015
Greece and the Eurogroup meeting taking centre stage – TDS
FXStreet (Edinburgh) - In the opinion of strategists at TD Securities, next week’s focus of attention will definitely be the Eurogroup meeting and the situation of Greece.
Key Quotes
“After this week’s IMF Spring Meetings in Washington, where contingency plans and red lines are most likely being discussed, we move into the next big set of talks on Greece with the Eurogroup meeting next Friday”.
“If no deal is reached there to disburse the rest of Greece’s bailout funds, then Greece will reportedly have to scrape the bottom of the barrel in order to meet its pension and civil service wage bills at the end of the month, and leave a very tense situation into the next Eurogroup meeting on 11 May, with a chunky €750mn payment due to the IMF the very next day”.
Key Quotes
“After this week’s IMF Spring Meetings in Washington, where contingency plans and red lines are most likely being discussed, we move into the next big set of talks on Greece with the Eurogroup meeting next Friday”.
“If no deal is reached there to disburse the rest of Greece’s bailout funds, then Greece will reportedly have to scrape the bottom of the barrel in order to meet its pension and civil service wage bills at the end of the month, and leave a very tense situation into the next Eurogroup meeting on 11 May, with a chunky €750mn payment due to the IMF the very next day”.