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23 May 2015
Greek optimism hitting brick wall - BBH
FXStreet (Guatemala) - Analysts at Brown Brothers Harriman noted how,once again, Greek optimism has hit a wall.
Key Quotes:
"Greek Prime Minister Tsipras was hopeful that a political breakthrough was at hand."
"French President Hollande also seemed cautiously optimistic that a special Eurogroup meeting would be held to discuss the progress."
"However, Merkel seemed to play this down by emphasizing that greater efforts are needed and that there is "a whole lot to do." One of the stumbling blocks that have emerged over the past week or so is the conflicting demands of the EU and IMF."
"Germany, which was not keen on the IMF's participation initially, now says no deal is possible without the IMF."
Key Quotes:
"Greek Prime Minister Tsipras was hopeful that a political breakthrough was at hand."
"French President Hollande also seemed cautiously optimistic that a special Eurogroup meeting would be held to discuss the progress."
"However, Merkel seemed to play this down by emphasizing that greater efforts are needed and that there is "a whole lot to do." One of the stumbling blocks that have emerged over the past week or so is the conflicting demands of the EU and IMF."
"Germany, which was not keen on the IMF's participation initially, now says no deal is possible without the IMF."