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4 Feb 2015
Germany expects prolonged greek funding talks – MP
FXStreet (Barcelona) - Stuart McPhee, Currency Analyst at MarketPulse, shares that Germany is prepared for a waiting game till April-May, with the greek funding talks expected to drag on until the current bailout runs out.
Key Quotes
“Germany expects talks with Greece to drag on until after the current round of bailout funding runs out at the end of the month and is prepared to play a waiting game until April or May, when the country approaches a cash crunch, a person familiar with the matter said.”
“Greece would not immediately go bankrupt at the end of February because it has resources to last beyond that point and Germany is ready to hold off until there is a more urgent need to strengthen its bargaining position, said the person, who asked not to be identified discussing internal talks.”
Key Quotes
“Germany expects talks with Greece to drag on until after the current round of bailout funding runs out at the end of the month and is prepared to play a waiting game until April or May, when the country approaches a cash crunch, a person familiar with the matter said.”
“Greece would not immediately go bankrupt at the end of February because it has resources to last beyond that point and Germany is ready to hold off until there is a more urgent need to strengthen its bargaining position, said the person, who asked not to be identified discussing internal talks.”