Eurogroup Says Greek Plan Thorough Will Respond on Saturday

A top eurozone official says Greece has submitted “thorough” proposals aimed at getting a vital third bailout and averting a possible exit from the euro.

Eurogroup President Jeroen Dijsselbloem said the eurozone would discuss a response to the plans on Saturday.

Germany has cautioned there is little room for easing Greece’s debt burden.
Greek PM Alexis Tsipras will put the plans, which contain many elements rejected in a referendum last Sunday, to a vote in parliament on Friday.

The prime minister submitted the proposals to Greece’s creditors – the European Commission, the European Central Bank and the International Monetary Fund – by the Thursday deadline they had set.

via BBC

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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 has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. 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