ANNO XIV Ottobre 2020.  Direttore Umberto Calabrese

Venerdì, 26 Giugno 2015 17:10

Markets hold steady as Greek debt talks continue Featured

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Rome - Greek debt negotiations once again fell through on Thursday ending with another Eurogroup session scheduled for Saturday and overnight discussions in a last ditch attempt to avoid default by Athens. Greek Prime Minister Alexis Tsipras said he is "confident" that a compromise will be reached for Greece to obtain the last tranche of an aid package of 7.2 billion euros.

The EU, European Central Bank (ECB), International Monetary Fund (IMF), on the basis of the European Stability Mechanism (ESM) offered a solution approaching Greece's own proposals on Monday, but the Greek government has yet to respond, a source from one of the institutions said. The door for Athens "remains open" despite the fourth failed meeting in seven days, Eurogroup president Jeroen Dijsselbloem stated, while a Greek official declared that disagreements are no longer so serious as to impede a deal with creditors. The overnight meeting set to take place in the coming hours may therefore be crucial for unblocking the stalemate. The ECB's managing board kept unchanged the emergency liquidity assistance (ELA) limit, currently around 89 billion euros, for Greek banks. Markets remained stable throughout the day after a negative start, with hopes for an agreement bringing stocks up before the news led to a moderate drop before close. In mixed trading, London fell by 0.54 percent, Frankfurt by 0.24 percent, Paris by 0.31 percent, and Madrid by 0.38. Milan's FTSE MIB ran countercurrent thanks to the banking sector, gaining 1.24 percent. Athens rose by 0.10 percent. (AGI)

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