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16 Apr 2015
Greece teeters on brink – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team, shares that Greece deal hangs on the brink as German FM Schaeuble rules out a deal to release bailout funds to Athens.
Key Quotes
“Greece teeters on brink after German finance minister Wolfgang Schaeuble ruled out a deal to release bailout funds to Athens. He blamed the Syriza-led government for reversing improvements made by previous administrations under the bailout programme: “Nobody has any idea how we can agree on an even more ambitious programme,” he said. “You can’t spend hundreds of billions… in a bottle without a bottom.” To compound things, overnight S&P downgraded to CC+ i.e. further into junk territory.”
Key Quotes
“Greece teeters on brink after German finance minister Wolfgang Schaeuble ruled out a deal to release bailout funds to Athens. He blamed the Syriza-led government for reversing improvements made by previous administrations under the bailout programme: “Nobody has any idea how we can agree on an even more ambitious programme,” he said. “You can’t spend hundreds of billions… in a bottle without a bottom.” To compound things, overnight S&P downgraded to CC+ i.e. further into junk territory.”