16 Jun 2015
Endless Greek debt drama - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the endless Greek debt drama has gathered most of the market's attention this Tuesday.
Key Quotes:
"PM Alexis Tsipras addressed to the local Parliament, saying that Greece cannot accept deeper austerity demands from its international creditors, whilst German Angela Merkel demanded the country to fulfill the terms of its second aid program in order to get help. Irreconcilable differences that have been the only constant in these four months of negotiations, and now could imply the end of the European Union as it's known."
"German data released earlier in the day showed that local inflation in May, matched expectations and previous month readings, although the ZEW economic survey missed forecasts, amid decreasing confidence in the local economic recovery. In the US, housing data resulted up beating, as permits for future projects climbed to the highest since 2007."
Key Quotes:
"PM Alexis Tsipras addressed to the local Parliament, saying that Greece cannot accept deeper austerity demands from its international creditors, whilst German Angela Merkel demanded the country to fulfill the terms of its second aid program in order to get help. Irreconcilable differences that have been the only constant in these four months of negotiations, and now could imply the end of the European Union as it's known."
"German data released earlier in the day showed that local inflation in May, matched expectations and previous month readings, although the ZEW economic survey missed forecasts, amid decreasing confidence in the local economic recovery. In the US, housing data resulted up beating, as permits for future projects climbed to the highest since 2007."