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.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
