Home/FX/Newsfeed

Greece Expects to Continue Receiving Bailout Funds

Share Print 0

Greece will conclude austerity talks with its lenders to continue receiving the bailout funds it needs, Prime Minister Antonis Samaras said on Monday, but officials said the talks would most likely not be finished by Thursday’s EU summit.

“Greece will soon get the next tranche. Its economy needs liquidity like a desert needs rain,” Samaras told a conference in Athens.

But Finance Minister Yannis Stournaras told reporters negotiators would most likely miss a target to complete the talks by Thursday, when a European Union summit takes place.

A senior finance ministry official later confirmed the two sides would not finish negotiations by Thursday, and would resume talks after the summit.

“We won’t have a deal on all issues by the summit. There are too many issues pending,” the official told reporters after late-night talks between Stournaras and Greece’s lenders.

via CNBC

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.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top