How Close is Close for Greek Deal?

A deal between cash-strapped Greece and its international lenders over reforms is apparently “close,” but differences over the detail—and questions over whether they can be reconciled — remain.

Hopes of an agreement between Greece and the bodies overseeing its aid—the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF)—were raised on Wednesday after the lenders appeared to be ready to compromise, offering Greece room for maneuver on certain aspects of its bailout program.

As details of the proposals emerged on Wednesday, Greek Prime Minister Alexis Tsipras traveled to Brussels to meet with the Commission President, Jean-Claude Juncker, and discuss the ongoing impasse between the two sides over reforms and the future of Greece’s bailout.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza