18 May 2015
EUR pressured on Greece - ANZ
FXStreet (Guatemala) - Brian Martin, analyst at ANZ noted the conditions surrounding the euro currently.
Key Quotes:
"The euro reacted negatively to heightened anxiety over Greece’s inability to make its debt repayments to the IMF in June (EUR1.5bn)."
"Athens has said that it will pay wages and pensions at the end of May, but beyond that it needs to reach a deal with creditors. Progress in the ongoing debt negotiations is reported to be better, but slow, with significant differences remaining."
"Expectations are low that an agreement can be reached at this week’s EU Summit in Riga (May 21-22) and PM Tsipras is maintaining his stance that Greece won’t accept any further cuts to pensions or public sector wages."
Key Quotes:
"The euro reacted negatively to heightened anxiety over Greece’s inability to make its debt repayments to the IMF in June (EUR1.5bn)."
"Athens has said that it will pay wages and pensions at the end of May, but beyond that it needs to reach a deal with creditors. Progress in the ongoing debt negotiations is reported to be better, but slow, with significant differences remaining."
"Expectations are low that an agreement can be reached at this week’s EU Summit in Riga (May 21-22) and PM Tsipras is maintaining his stance that Greece won’t accept any further cuts to pensions or public sector wages."