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15 May 2015
Progress remains absent in Greek-EU talks – DB
FXStreet (Edinburgh) - Analyst Jim Reid assessed the recent Greek headlines after both parties have resumed talks yesterday.
Key Quotes
“Over in Greece progress continues to be slow as technical teams from Greece and its creditors resumed talks yesterday”.
“Headlines are continuing to build with Greek press Ekathimerini suggesting that Greece’s creditors want to be presented with a list of proposed reforms from Athens by Sunday”.
“In the meantime, European officials including Italian Finance Minister Padoan and EU Parliament Chief Schulz reiterated the risks of Greece leaving the Euro area”.
“One move which will likely have helped ease talks is the apparent news that Greece is pushing ahead with the sale of its biggest shipping port Piraeus, according to Reuters”.
“Ultimately however the bigger picture remains the same with both Greece and its creditors still seemingly not seeing eye-to-eye on taxations, pensions and the labour market. Time is not on their side with the gap still seemingly large”.
Key Quotes
“Over in Greece progress continues to be slow as technical teams from Greece and its creditors resumed talks yesterday”.
“Headlines are continuing to build with Greek press Ekathimerini suggesting that Greece’s creditors want to be presented with a list of proposed reforms from Athens by Sunday”.
“In the meantime, European officials including Italian Finance Minister Padoan and EU Parliament Chief Schulz reiterated the risks of Greece leaving the Euro area”.
“One move which will likely have helped ease talks is the apparent news that Greece is pushing ahead with the sale of its biggest shipping port Piraeus, according to Reuters”.
“Ultimately however the bigger picture remains the same with both Greece and its creditors still seemingly not seeing eye-to-eye on taxations, pensions and the labour market. Time is not on their side with the gap still seemingly large”.