Eurogroup meeting: No official statement, focus on press leaks – TDS

FXStreet (Barcelona) - The Eurogroup meeting won’t end with an official statement, which will keep the markets reactive to the press speculation, notes TD Securities.

Key Quotes

“Today we’ll also have some focus on the Eurogroup Summit in Riga through today and tomorrow. Reports earlier this week suggest that Greece has managed to cobble together enough cash to make it through the salary and pension payments due at the end of April and the €750mn due to the IMF on 12 May, pushing the showdown a few weeks further into the future.”

“And reports following the Euro Working Group conference call on Wed suggested that there is no plan to provide even a statement on Greece after the summit. So we’ll be keeping an eye on the weekend press for any clues as to just how far the rift is sitting between Greece and the rest of the Eurozone, but will probably have to wait until the next Eurogroup Summit on 11 May for something more official.”