12 Feb 2015
Dijsselbloem confirms "no deal" on Greece – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team comments on the ongoing Greece and Eurogroup negotiations.
Key Quotes
“Sentiment see-sawed going into the US close and in the early hours of the Asian session, as conflicting reports on Greece directed volatile flows.”
“Initial CNBC report of an 'agreement in principle' for Greece to remain in the bailout program was quickly negated, as Greek govt officials refuse to accept an extension of the bailout under the current terms of austerity.”
“After a delay, Eurogroup's Dijsselbloem confirmed that negotiators could not achieve a conclusion despite some progress made in clarifying the positions of both sides, adding the existing program is only the starting point of discussion. Dijsselbloem concluded the address by noting talks will resume on Monday.”
“Concurrent comments from Greek Fin Min Varoufakis were even less sanguine, stating that many concessions are still needed to reach a deal on Monday, reiterating Greece wants a new contract with Europe toward a "healing deal", and that the Greek side is seeking to explain why the current bailout conditions are not working.”
“EUR/USD fell about 50pips toward $1.13 after confirmation the deal remains elusive.”
Key Quotes
“Sentiment see-sawed going into the US close and in the early hours of the Asian session, as conflicting reports on Greece directed volatile flows.”
“Initial CNBC report of an 'agreement in principle' for Greece to remain in the bailout program was quickly negated, as Greek govt officials refuse to accept an extension of the bailout under the current terms of austerity.”
“After a delay, Eurogroup's Dijsselbloem confirmed that negotiators could not achieve a conclusion despite some progress made in clarifying the positions of both sides, adding the existing program is only the starting point of discussion. Dijsselbloem concluded the address by noting talks will resume on Monday.”
“Concurrent comments from Greek Fin Min Varoufakis were even less sanguine, stating that many concessions are still needed to reach a deal on Monday, reiterating Greece wants a new contract with Europe toward a "healing deal", and that the Greek side is seeking to explain why the current bailout conditions are not working.”
“EUR/USD fell about 50pips toward $1.13 after confirmation the deal remains elusive.”