Forex Flash: Eurogroup to discuss Greece again on Nov 20 - ING

FXstreet.com (Barcelona) - Eurozone finance ministers will hold a meeting on November 20 to discuss the situation in Greece. They will mainly focus on two urgent matters matters: plugging the Greek 32billion euro financing gap over the next four years and restoring the country's debt sustainability by 2020.

In the opinion of the ING team of analysts the first issue could be solved by “lowering the interest rates on the current Greek loans and extending their maturities.” The second is more complicated however, as IMF would like to solve it through a public sector haircut, which is “still politically unacceptable for most Eurozone governments.”

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