Geman vice-chancellor out on Reuters 9 May 2016
- additional reform steps for Greece will hamper growth
No further detail at present. Today the Eurogroup are meeting to discuss a comprehensive package of policy reforms as well as the sustainability of Greece's public debt. Both elements need to be in place in order to finalise the programme's first review and unlock further financial assistance to Greece.
At the weekend PM Tsipras squeezed more austerity measures through parliament amidst a good degree of protest. The BBC has more here .
Meanwhile EURGBP has given up on its earlier attempt to get through 0.7930 where I highlighted some good supply again and now 0.7895 helping cable to post 1.4430.
Good two-way business to kick off the week.
