EC President Juncker Says 3rd Greek Bailout Premature

It is too early to discuss a third bailout package for Greece, European Commission President Jean-Claude Juncker said on Wednesday, stressing the focus of talks with Athens was implementing measures already agreed with the euro zone.

“We are going to focus on implementing what was agreed in the Eurogroup,” Juncker told a news conference with German Chancellor Angela Merkel. “It is premature to talk about a third programme. That is speculation that is best avoided.”

Spanish Economy Minister Luis de Guindos said on Wednesday that Greece was unlikely to be able to return to capital markets by June, when an extension of its bailout expires, so it will probably need further support from European partners.

 
He reiterated an earlier comment that preliminary estimates pointed to an aid package of between 30 and 50 billion euros ($33-56 billion).

via Reuters

This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

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