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20 Apr 2015
No let up for Greece – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team comments on the key developments surrounding the Greece, with Draghi urging Greeks to hurry as a default risk looms.
Key Quotes
“Athens has explored the possibility of a grace period for a EUR747m payment due to the IMF on May 12 but Christine Lagarde confirmed the fund’s policy of refusing such requests. She said stability in the Greek economy “is not done by a political last-minute accord, it’s done by looking at measures, committing to reforms”.”
“Also Draghi, talking in Washington, urged Greece to hurry as default looms “More work, much more work is needed now and it’s urgent”.”
“The next key date and potential opportunity to reach an agreement is this Friday when Eurozone finance ministers will meet in Riga.”
Key Quotes
“Athens has explored the possibility of a grace period for a EUR747m payment due to the IMF on May 12 but Christine Lagarde confirmed the fund’s policy of refusing such requests. She said stability in the Greek economy “is not done by a political last-minute accord, it’s done by looking at measures, committing to reforms”.”
“Also Draghi, talking in Washington, urged Greece to hurry as default looms “More work, much more work is needed now and it’s urgent”.”
“The next key date and potential opportunity to reach an agreement is this Friday when Eurozone finance ministers will meet in Riga.”