24 Mar 2015
Europe-Greece brinkmanship approaching brink – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team comments that Europe-Greece brinkmanship is approaching brink, with Greece expected to soon run out of money.
Key Quotes
“While Merkel's meeting with Greece's Tsipras did not generate any major breakthrough, we expect that the improving tone is indeed a prelude to a break through.”
“Lost on many observers is what Greece needs to do to free up some funds. It simply must provide a list of individual reforms. Its first try was rejected as not complete."
“A new list is expected by early next week. The key point to keep in mind is that this has been an exercise in brinkmanship, and the brink (when Greece runs out of money) is approaching.”
“Greece has a roughly 2 bln debt payment/maturity at the end of this week and government salaries and pension payment due at the end of the month.”
Key Quotes
“While Merkel's meeting with Greece's Tsipras did not generate any major breakthrough, we expect that the improving tone is indeed a prelude to a break through.”
“Lost on many observers is what Greece needs to do to free up some funds. It simply must provide a list of individual reforms. Its first try was rejected as not complete."
“A new list is expected by early next week. The key point to keep in mind is that this has been an exercise in brinkmanship, and the brink (when Greece runs out of money) is approaching.”
“Greece has a roughly 2 bln debt payment/maturity at the end of this week and government salaries and pension payment due at the end of the month.”