Greek PM Eurozone Stability at Stake

The failure of eurozone ministers to reach a deal to give Greece its latest bailout payment threatens the whole bloc, leaders have said.

Following nearly 12 hours of talks in Brussels, the Eurogroup said it needed more time for technical work.

Greek Prime Minister Antonis Samaras said: “It’s not only the future of our country, but the stability of the entire eurozone [that is at stake].”

France’s finance minister insisted they were a “whisker” away from a deal.

The chairman of the Eurogroup, Jean-Claude Juncker, said ministers would meet again next week.

“Greece did what it had to do, and what it had pledged to do… whatever technical difficulties in finding a technical solution do not justify any negligence or delay,” Mr Samaras said.

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
Alfonso Esparza

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