9 Mar 2015
Greece headline may affect the markets – KBC
FXStreet (Barcelona) - The KBC Bank Research Team comments on the weekend developments pertaining to Greece, and with the Eurogroup set to meet today, Greece headlines may affect the market.
Key Quotes
“The Euro group meeting today will again be devoted to Greece, besides Cyprus’ rescue loans, banking union and the budget plans.”
“Press agencies reported in the weekend that the Greek government considers a referendum on the government policy as no deal with its creditors is in sight.”
“According to sources Greek has send a list of proposals to Euro group Dijsselbloem on Friday, but the institutions are very disappointed and question whether Greece is sufficiently conscience that there won’t be financing for Greece if no serious efforts are made to come up with more serious proposals.”
“In this respect, ECB’s Coene questioned (in newspaper Le Soir) whether Greece belongs in the EMU, on the basis of some comments and declarations of the Greek government. He described the government as populist and said it must face the reality. “So they themselves will have to draw the conclusions about the matter, sooner or later”. No decision on Greece is expected, but headline may affect markets.”
Key Quotes
“The Euro group meeting today will again be devoted to Greece, besides Cyprus’ rescue loans, banking union and the budget plans.”
“Press agencies reported in the weekend that the Greek government considers a referendum on the government policy as no deal with its creditors is in sight.”
“According to sources Greek has send a list of proposals to Euro group Dijsselbloem on Friday, but the institutions are very disappointed and question whether Greece is sufficiently conscience that there won’t be financing for Greece if no serious efforts are made to come up with more serious proposals.”
“In this respect, ECB’s Coene questioned (in newspaper Le Soir) whether Greece belongs in the EMU, on the basis of some comments and declarations of the Greek government. He described the government as populist and said it must face the reality. “So they themselves will have to draw the conclusions about the matter, sooner or later”. No decision on Greece is expected, but headline may affect markets.”