There is clearly optimism in the markets today for a deal. The optimism is understandable as everyone from Largarde of the IMF to US Treasury Secretary Jack Lew to French President Francois Holland is praising Tripas' new proposal as ;serious'-we finally get an example of serious.
"A new Greek reform proposal aimed at restarting bailout talks with creditors drew praise from France but a muted reaction from a more sceptical government in Germany."
"French president François Hollande, who has been pushing for a last-minute deal with Athens, on Friday welcomed the proposal as “serious and credible” and said “the Greeks have just showed determination to stay within the eurozone”
"French president François Hollande, who has been pushing for a last-minute deal with Athens, on Friday welcomed the proposal as “serious and credible” and said “the Greeks have just showed determination to stay within the eurozone”.
"German chancellor Angela Merkel, who has taken a harder line than Mr Hollande, declined to comment on the latest Greek plan before it was assessed by the bailout monitors.
"Martin Jäger, the finance ministry spokesman, emphasised the tall hurdles that Athens must still clear in order to secure a deal."
“It would not be enough to present the proposals from the end of June in new packaging,” he said.
"A new Greek reform proposal aimed at restarting bailout talks with creditors drew praise from France but a muted reaction from a more sceptical government in Germany."
"French president François Hollande, who has been pushing for a last-minute deal with Athens, on Friday welcomed the proposal as “serious and credible” and said “the Greeks have just showed determination to stay within the eurozone”
"French president François Hollande, who has been pushing for a last-minute deal with Athens, on Friday welcomed the proposal as “serious and credible” and said “the Greeks have just showed determination to stay within the eurozone”.
"German chancellor Angela Merkel, who has taken a harder line than Mr Hollande, declined to comment on the latest Greek plan before it was assessed by the bailout monitors.
"Martin Jäger, the finance ministry spokesman, emphasised the tall hurdles that Athens must still clear in order to secure a deal."
“It would not be enough to present the proposals from the end of June in new packaging,” he said.
http://www.ft.com/cms/s/0/566cae02-26f2-11e5-bd83-71cb60e8f08c.html#ixzz3fVDs24lz
See classic Germany. It's never enough no matter how many concessions the Greeks make.
UPDATE: The latest is even with a deal the Greeks will need an additional $10-$14 billion euros.
http://www.cnbc.com/2015/07/10/greek-proposals-mulled-ahead-of-make-or-break-deal.html?trknav=homestack:topnews:1
See classic Germany. It's never enough no matter how many concessions the Greeks make.
UPDATE: The latest is even with a deal the Greeks will need an additional $10-$14 billion euros.
http://www.cnbc.com/2015/07/10/greek-proposals-mulled-ahead-of-make-or-break-deal.html?trknav=homestack:topnews:1
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