Trying for a Third Time for Greece

International lenders take a third stab on Monday at reaching an agreement on lowering Greece’s debt to sustainable levels. A positive outcome would pave the way for the release of key aid to Athens and should cement the risk appetite that has resurfaced in markets, well, at least for the short-term, analysts said.

Euro zone finance ministers, the International Monetary Fund (IMF) and European Central Bank (ECB) have failed twice to reach an agreement on Greece and hopes are rising that a deal will be made on Monday.

Analysts said Greece, together with a possible deal to avert a U.S.“fiscal cliff” of looming tax hikes and spending cuts, hold the key to maintaining a resurgence in risk appetite that has boosted equity markets and help send the euro to three-week highs versus the dollar in the past week.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.