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2 Jun 2015
Greece in FX market focus - SG
FXStreet (Guatemala) - Kit Juckes, strategist at Societe Generale noted that June has started with Greece as the FX market focus in Asia - again.
Key Quotes:
"There isn't really anything new to add with regard to the debt negotiations. Early June payments are likely to be made but the chances that enough cash can be found under mattresses or behind cupboards to get through the whole month are remote. Alexis Tsipras, the PM, is bemoaning the lack of flexibility from Greece’s creditors."
"A last-minute deal is still more likely than not. We wait, nervously."
Key Quotes:
"There isn't really anything new to add with regard to the debt negotiations. Early June payments are likely to be made but the chances that enough cash can be found under mattresses or behind cupboards to get through the whole month are remote. Alexis Tsipras, the PM, is bemoaning the lack of flexibility from Greece’s creditors."
"A last-minute deal is still more likely than not. We wait, nervously."