Forexbeats.blogspot.in (India)
Troika representatives held a meeting with the Spanish government on Friday in Madrid, during which they decided to postpone by one week the approval of the financial reform which will permit the EU to grant Spain a 100 billion euro aid for distressed banks.
Spanish Deputy PM Soraya Sáenz de Santamaría told reporters that “the European Commission asked us for one more week to analyze it jointly” and that the reform will be approved next Friday.” She stressed however that there was no disagreement on the subject, just a willingness to work on it together.
As far as additional EU aid for Spain is concerned, Soraya Sáenz de Santamaría said that the Spanish government has not asked for any yet, except for the bank bailout. She added that nothing will be decided before the ECB releases details of its bond-buying program.
Merkel wants Greece to stay in Eurozone, provided bailout requirements are met
During a press conference held in Berlin after Chancellor Angela Merkel's meeting with Greek PM Antonis Samaras, the German leader expressed her desire for Greece to stay in the Eurozone, on the condition that it carries out all the necessary reforms.
Angela Merkel said that the meeting with Antonis Samaras just strengthened her conviction that the Greek government is doing its utmost to meet Troika's requirements. She also assured that Germany will refrain from making any "premature judgments".
Antonis Samaras reiterated his earlier plea for more time for austerity saying that “we are not asking for more money, we are looking for growth,” but Angela Merkel just repeated that Greece must meet its bailout commitments.
According to Chuck Butler, President of EverBank World Markets: “The German Chancellor has to walk a tight rope, like the one Leon Russell sings about, for she's got to appear tough for the German people, but work with Greece to keep them in the Eurozone. And Greece wants time and money. I don't think the German Chancellor has the time to give to Greece, without ticking off her citizens.”
fxstreet.com
Troika representatives held a meeting with the Spanish government on Friday in Madrid, during which they decided to postpone by one week the approval of the financial reform which will permit the EU to grant Spain a 100 billion euro aid for distressed banks.
Spanish Deputy PM Soraya Sáenz de Santamaría told reporters that “the European Commission asked us for one more week to analyze it jointly” and that the reform will be approved next Friday.” She stressed however that there was no disagreement on the subject, just a willingness to work on it together.
As far as additional EU aid for Spain is concerned, Soraya Sáenz de Santamaría said that the Spanish government has not asked for any yet, except for the bank bailout. She added that nothing will be decided before the ECB releases details of its bond-buying program.
Merkel wants Greece to stay in Eurozone, provided bailout requirements are met
During a press conference held in Berlin after Chancellor Angela Merkel's meeting with Greek PM Antonis Samaras, the German leader expressed her desire for Greece to stay in the Eurozone, on the condition that it carries out all the necessary reforms.
Angela Merkel said that the meeting with Antonis Samaras just strengthened her conviction that the Greek government is doing its utmost to meet Troika's requirements. She also assured that Germany will refrain from making any "premature judgments".
Antonis Samaras reiterated his earlier plea for more time for austerity saying that “we are not asking for more money, we are looking for growth,” but Angela Merkel just repeated that Greece must meet its bailout commitments.
According to Chuck Butler, President of EverBank World Markets: “The German Chancellor has to walk a tight rope, like the one Leon Russell sings about, for she's got to appear tough for the German people, but work with Greece to keep them in the Eurozone. And Greece wants time and money. I don't think the German Chancellor has the time to give to Greece, without ticking off her citizens.”
fxstreet.com
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