Greece’s Prime Minister Alexis Tsipras will update lawmakers Monday on talks held over the weekend in Brussels between Greek government officials and representatives of the country’s creditors to secure more funds from the euro area and stave off fiscal collapse.
Tsipras requested parliament speaker Zoe Konstantopoulou schedule a session in the legislature for Monday to discuss ongoing talks with Greece’s creditors on the country’s proposed reforms required for further aid, a Greek government official told reporters Sunday in an e-mailed statement on condition of anonymity, in line with policy. The discussion will begin at 8 p.m. Athens time.
Tsipras’s Syriza party was elected Jan. 25 on a platform of easing austerity measures and restructuring debts related to the nation’s bailout. While the government has retreated on those positions, resulting in a Feb. 20 agreement with euro-area partners to extend a loan accord until the end of June, it faces an uphill task persuading creditors that Greece is making the pledged reforms.
Recommended Content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.