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3 Mar 2015
Greece financing back on the headlines – DB
FXStreet (Edinburgh) - Analysts at Deutsche Bank argued that Greek financing in the upcoming months will be in the limelight.
Key Quotes
“There was further chatter in Greece yesterday after the Spanish economy minister, Luis de Guindos, suggested that the Eurogroup were looking at a third bailout package for Greece worth in the range of €30bn - €50bn”.
“Specifically, Guindos was quoted on the FT as saying that ‘we are negotiating a third rescue for Greece’ which would likely provide for ‘flexibility’ and include new attached conditions”.
“The suggestions of a third package is not a surprise although it’s the first signs from Euro members that talks of such nature have happened beyond just the extension of the current programme”.
“Attention in the near term however continues to be on current financing for Greece with continued worries that the government is due to run out of cash this month”.
“An upcoming T-Bill auction tomorrow will be watched closely given the €1.4bn maturing on Friday for the nation as well as a €300m IMF repayment”.
“With tensions clearly running high on the current liquidity position, according to the UK Telegraph, the Greek economy minister Stathakis was reported as saying that the government could also draw upon various central bank deposits including pension reserves”.
Key Quotes
“There was further chatter in Greece yesterday after the Spanish economy minister, Luis de Guindos, suggested that the Eurogroup were looking at a third bailout package for Greece worth in the range of €30bn - €50bn”.
“Specifically, Guindos was quoted on the FT as saying that ‘we are negotiating a third rescue for Greece’ which would likely provide for ‘flexibility’ and include new attached conditions”.
“The suggestions of a third package is not a surprise although it’s the first signs from Euro members that talks of such nature have happened beyond just the extension of the current programme”.
“Attention in the near term however continues to be on current financing for Greece with continued worries that the government is due to run out of cash this month”.
“An upcoming T-Bill auction tomorrow will be watched closely given the €1.4bn maturing on Friday for the nation as well as a €300m IMF repayment”.
“With tensions clearly running high on the current liquidity position, according to the UK Telegraph, the Greek economy minister Stathakis was reported as saying that the government could also draw upon various central bank deposits including pension reserves”.