The Greek debt talks have become something of a never-ending story. Greece and its creditors (the European Union and the International Monetary Fund) are unable to reach a deal on the economic reforms needed to unlock a new tranche of loans (€7.2 billion). Debt talks took several months but a deal is not signed yet. The Greek government made some concessions but it is not enough.
Athens and its creditors continue to discuss at the Eurogroup meeting in Riga today. It is unlikely that a deal will be signed today. German Finance Minister Wolfgang Schaeuble expressed concerns that talks will be successful.
Even if a deal is signed today, the Greek government will ask for financial assistance again. Debt talks might start from the beginning. A radical solution is needed. The Greek default might be this radical solution.
The U.S. economic data had an impact on markets this week. The data was mixed. Existing home sales were better-than-expected, but new home sales, initial jobless claims and the preliminary manufacturing purchasing mangers' index (PMI) were disappointing.
It seems that the U.S. economy has lost momentum. If there is released no solid U.S. economic data in the last days of April and in May, it is very unlikely that the Fed will start to hike its interest rate in June.
© 2000-2023. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.