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24 Apr 2015
The Greeks are running out of time - FXStreet
FXStreet (Guatemala) - The Greek deal, or rather, the Greek debt shenanigans continue, with yet further set backs and negations that are on going and quite frankly, the markets are becoming tired of the same tune. The euro is potentially due a pull back as the delays continue and uncertainty continues to drag on and weighs over the eurozone.
Athens is getting closer to bankruptcy and there is a desperate requirement for economic reform of which the Greeks continue to delay on in meeting "deadlines". It is not just the market place that is becoming tired of a no show but the Euro zone finance ministers are now warning Greece that its leftist government will get no more aid until it completes the reform plans. One minister voiced that it is about time that plans are made for a Greek default.
"Time is running out",- Jeroen Dijsselbloem, the Dutch finance minister.
Dijsselbloem has explained that the finance ministers will be reviewing the Greek's progress again on May 11th which is the day before the Greeks have to make the 750 million euro payment to the International Monetary Fund. However, in reality, this 11th May is not a deadline as anything proposed on 11th May will take some weeks to be approved by the relevant European bodies and national parliaments.
Athens is getting closer to bankruptcy and there is a desperate requirement for economic reform of which the Greeks continue to delay on in meeting "deadlines". It is not just the market place that is becoming tired of a no show but the Euro zone finance ministers are now warning Greece that its leftist government will get no more aid until it completes the reform plans. One minister voiced that it is about time that plans are made for a Greek default.
"Time is running out",- Jeroen Dijsselbloem, the Dutch finance minister.
Dijsselbloem has explained that the finance ministers will be reviewing the Greek's progress again on May 11th which is the day before the Greeks have to make the 750 million euro payment to the International Monetary Fund. However, in reality, this 11th May is not a deadline as anything proposed on 11th May will take some weeks to be approved by the relevant European bodies and national parliaments.