8 Jul 2015
Sunday could be the last chance for Greece – Danske Bank
FXStreet (Edinburgh) - Flemming Nielsen, Senior Analyst at Danske Bank, noted the relevance of the upcoming EU Summit on Sunday.
Key Quotes
“The euro-area leaders yesterday set Sunday as a final deadline for reaching an agreement with Greece on a third bail-out programme”.
“There will be an extraordinary EU leaders summit on Sunday and Greece now has until Thursday to deliver a new economic programme after it failed to deliver an economic programme with major changes”.
“The euro-area leaders are trying to sell the Sunday deadline as a final ‘hard’ deadline where an ‘in’ our ‘out’ decision will have to be made”.
“According to press reports ECB president Draghi at the meeting indicated that Greek banks could only survive until the end of the week and that the ECB’s emergency loans to Greece cannot be extended beyond the weekend”.
Key Quotes
“The euro-area leaders yesterday set Sunday as a final deadline for reaching an agreement with Greece on a third bail-out programme”.
“There will be an extraordinary EU leaders summit on Sunday and Greece now has until Thursday to deliver a new economic programme after it failed to deliver an economic programme with major changes”.
“The euro-area leaders are trying to sell the Sunday deadline as a final ‘hard’ deadline where an ‘in’ our ‘out’ decision will have to be made”.
“According to press reports ECB president Draghi at the meeting indicated that Greek banks could only survive until the end of the week and that the ECB’s emergency loans to Greece cannot be extended beyond the weekend”.