European Commission Says Greek Deal Possible Before Aug 20

Talks with Greece on a third bailout are moving ahead in a satisfactory way and reaching an agreement is possible before August 20, the European Commission said on Thursday.

The Commission comments were in response to remarks by a German government official in the Bild daily, that reaching a deal by Aug 20, when Greece has to buy back 3.5 billion euros of its bonds from the European Central Bank, was “not achievable”.

“What President Juncker himself said yesterday in an interview remains valid that the negotiations with the Greek authorities are ‘progressing in a satisfactory way’, that he believes ‘an agreement this month preferably before August 20 is possible’ because, as you know, August 20 is the date for an important payment to the ECB,” Commission spokeswoman Mina Andreeva said.

“We believe that this is an ambitious and yet possible timetable,” she told a daily news briefing in response to a question about the Bild story.

via Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.