Grexit up date; will not signify end of euro – UOB Group

FXStreet (Guatemala) – Analysts at UOB Group explained conditions surrounding the Greek bailout situation.

Key Quotes:

In the latest news on Greek bailout negotiations, Greece once again expressed optimism (this time from its government chief spokesman Gabriel Sakellaridis) that the country will reach a deal with creditors in the coming days, only to have that confidence knocked down by international officials.”

“The International Monetary Fund and other creditors insisted that much work remains to be done.”

“In addition, the IMF managing Director, Christine Lagarde said in a newspaper interview on Thursday (28 May) that Greece’s exit from the eurozone is a possibility but would not signify an end to the single currency.”

“Meanwhile, the ECB warned in its twice-yearly Financial Stability Review published Thursday in Frankfurt that failure to reach an agreement on Greece’s aid program soon may drive yields on bonds issued by other euro- area countries higher.”

Analysts at UOB Group explained conditions surrounding the Greek bailout situation.

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