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25 Feb 2015
Jitters on the Eurogroup-Greece deal are far from over – DB
FXStreet (Edinburgh) - Analysts at Deutsche Bank see the likeliness of further unease emerging after Greece recently clinched a 4-month loan extension.
Key Quotes
“We’ve already heard of some potential tension in SYRIZA itself so it’ll be interesting to see how things progress as Tsipras and Varoufakis start talks internally, but clearly there is still much for Greece to do”.
“It’s also not entirely clear how Greece will fund itself through the month of March with suggestions that they will run out of cash shortly after the end of this month (Bloomberg)”.
“This could in effect force Greece to agree on things much earlier than the end-April deadline or we could see an increase in the T-Bill issuance cap”.
“Some near term attention will now also turn to Greek banks where Bloomberg reported that the ECB would be unlikely to wait until at least its next policy meeting on March 5th before making a decision on restoring the collateral waiver and allowing Greek banks direct funding”.
Key Quotes
“We’ve already heard of some potential tension in SYRIZA itself so it’ll be interesting to see how things progress as Tsipras and Varoufakis start talks internally, but clearly there is still much for Greece to do”.
“It’s also not entirely clear how Greece will fund itself through the month of March with suggestions that they will run out of cash shortly after the end of this month (Bloomberg)”.
“This could in effect force Greece to agree on things much earlier than the end-April deadline or we could see an increase in the T-Bill issuance cap”.
“Some near term attention will now also turn to Greek banks where Bloomberg reported that the ECB would be unlikely to wait until at least its next policy meeting on March 5th before making a decision on restoring the collateral waiver and allowing Greek banks direct funding”.