French FinMin Optimistic About Greek Deal

French Finance Minister Bruno Le Maire expressed optimism about Greece reaching a deal on new loans from its European creditors after talks with his Greek counterpart and Prime Minister Alexis Tsipras in Athens.

“I wanted to underline that we are doing our best with the other member states of the euro zone, with the IMF, with the Greek governement, and I’m optimistic, I think we are not far from the agreement,” he told reporters.



“And because we are not far we should really do our best in the next two days, to pave the way for that agreement,” he said, praising the Greek government for the reforms carried out in the last months.

Greece’s parliament approved on Friday reforms demanded by the country’s international lenders to conclude a long-stalled review of its bailout progress and qualify for more loans needed to repay debt maturing in July.

Euro zone finance ministers meet in Luxembourg on June 15 to discuss Greece’s reform progress and measures to reduce its debt, which stands at about 180 percent of GDP after seven years of crisis.

via Reuters

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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