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20 May 2015
Greece hardens its negotiating stance – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team shares the key developments surrounding the Greece debt deal, noting that Greeks have hardened their negotiating stance by threatening to withhold the next IMF payment.
Key Quotes
“Greece Parliamentary Speaker: Greece will not pay June IMF repayment if no deal with international lenders is reached by then”
“Greece Fin Min Varoufakis stated that German Fin Min Schaeuble analysis of Greece was unsound and wrong. Germany emphasizing power over argument”
“Greece government said to consider bank transaction fee between 0.1-0.2%. Fee would not include ATM withdrawals or transactions up to €500. Govt projects €300-500M in revenues”
“ECB said to consider raising haircut on Greek collateral but also considering widening of eligible Greek assets"
“Greece PM Tsipras to present plan for debt restructuring at upcoming EU Summit which would link debt restructuring to the country's growth”
“EU's Moscovici reiterated was seeing real progress being made on Greece but still large gaps on pension and labor issues”
Key Quotes
“Greece Parliamentary Speaker: Greece will not pay June IMF repayment if no deal with international lenders is reached by then”
“Greece Fin Min Varoufakis stated that German Fin Min Schaeuble analysis of Greece was unsound and wrong. Germany emphasizing power over argument”
“Greece government said to consider bank transaction fee between 0.1-0.2%. Fee would not include ATM withdrawals or transactions up to €500. Govt projects €300-500M in revenues”
“ECB said to consider raising haircut on Greek collateral but also considering widening of eligible Greek assets"
“Greece PM Tsipras to present plan for debt restructuring at upcoming EU Summit which would link debt restructuring to the country's growth”
“EU's Moscovici reiterated was seeing real progress being made on Greece but still large gaps on pension and labor issues”