13 Feb 2015
Eurogroup / Greece; a potential deal? - BNP
FXStreet (Guatemala) - Analysts at BNP Paribas explained that an agreement on short-term financing for Greece is imperative.
Key Quotes:
"Although the Greek government has begun to soften its stance, major concessions are still needed to reach a deal."
"There is also the broader issue of how much fiscal manoeuvring room to give to the Greek government. Greece is currently demanding a significant reduction in the primary surplus it must generate each year."
"This is a particularly sensitive issue for creditor nations, since it would require further official funding. A mutually acceptable solution is still possible."
Key Quotes:
"Although the Greek government has begun to soften its stance, major concessions are still needed to reach a deal."
"There is also the broader issue of how much fiscal manoeuvring room to give to the Greek government. Greece is currently demanding a significant reduction in the primary surplus it must generate each year."
"This is a particularly sensitive issue for creditor nations, since it would require further official funding. A mutually acceptable solution is still possible."