13 Feb 2015
Investors confident about a Greece-EU agreement – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team comments that with Greek bonds and stocks continuing to recover, investor sentiment is positive for an agreement to be reached between Greece and the EU.
Key Quotes
“Even though a compromise on Greece has not been secured, investors feel more confident that an agreement will be reached. Greek bonds and stocks are continuing yesterday's strong recovery.”
“Technical discussions are under way between Greece and the official creditors (ECB, IMF, and EU), but the fact that they are not called the Troika illustrates the face-saving efforts underway.”
“Previously, the Eurogroup head indicated that February 16 was the deadline for an agreement on the grounds that some national parliaments need to approve any new deal.”
“However, the pendulum of market sentiment has swung away from Grexit, and even if a new agreement is not fully agreed to, progress will likely be reported that will keep sentiment intact.”
Key Quotes
“Even though a compromise on Greece has not been secured, investors feel more confident that an agreement will be reached. Greek bonds and stocks are continuing yesterday's strong recovery.”
“Technical discussions are under way between Greece and the official creditors (ECB, IMF, and EU), but the fact that they are not called the Troika illustrates the face-saving efforts underway.”
“Previously, the Eurogroup head indicated that February 16 was the deadline for an agreement on the grounds that some national parliaments need to approve any new deal.”
“However, the pendulum of market sentiment has swung away from Grexit, and even if a new agreement is not fully agreed to, progress will likely be reported that will keep sentiment intact.”