Forex Flash: Business as usual in Athens – Deutsche Bank

Forex Flash: Business as usual in Athens â€" Deutsche Bank

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Forex Flash: Business as usual in Athens Deutsche Bank

FITITOL--> FXstreet.com (Barcelona) - In Greece, the Kathimerini noted that the Troika will meet with Greek government officials today with top-ranking envoys due to arrive on Thursday. That being said, the actual negotiations on possible changes to the Greek bailout terms are not expected to begin until the 24th of July.

There will be pressure for the negotiations to conclude without delay given that an ECB-held Greek government bond auction worth EU3.2bn is due on the 20th August. According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “There are some eurozone member states that are reluctant to release further aid to Greece before the negotiations have been concluded, as it seems likely talks will not be held with the Troika unless Greece benefits from last week's EU deal.”