Greece appears to have reached a tentative agreement with official creditors - BBH
|Analysts at BBH note that Greece and the official creditors appear to have reached a tentative agreement.
Key Quotes
“Greece has to approve a few concessions, including another pension cut and increase in the tax-free threshold, and open more shops on Sunday in order to get another payment for which it turns over the bulk of which to the official creditors. Again, we are struck by who is really being bailed out. Without debt relief, it is the creditors, not debtors. And as if to drive the point home, Markit noted that all the EMU countries it surveys for the PMI showed an increase in manufacturing but Greece. The IMF still is not participating with fresh funds, though the German and Dutch parliaments seemed to have its participation as key criteria.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.