Forex:Flash: Greek solution potentially on hold – Danske Bank

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FXstreet.com (Barcelona) - Concerns surrounding the European debt crisis may rise again as a solution to the Greek situation may be postponed write the Danske Research team.

They cite an article in the Financial Times which notes that officials involved in negotiations say that the IMF and the EC disagree on how much debt relief for Greece is needed and who will have to bear the losses from lower debt repayments.

It was initially expected that a new programme for Greece, which extends the plan to 2016, could be finalised in connection with the EU FinMin meeting on Monday, however that now looks increasingly unlikely. Mention of a delay until late November for the next tranche of trade has circulated, rather than next Friday as previously scheduled. Consequentially, market pressure on peripheries could intensify and European politician's willingness to compromise could be tested again.



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This article appears in: Investing , Forex and Currencies

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