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17 Apr 2015
No mercy for Greece – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team, shares Lagarde and Varoufakis’ comments on the debt repayment delay request.
Key Quotes
“Athens had explored the possibility of a grace period for a EUR747m payment due to the IMF on May 12, but Christine Lagarde confirmed the fund’s policy of refusing requests for a delay. She said stability in the Greek economy “is not done by a political last-minute accord, it’s done by looking at measures, committing to reforms”.”
“This comes as Greece’s finance minister, Yanis Varoufakis hit back at its country’s lenders last night, insisting he will not back down during crunch talks despite impending debt deadlines.”
Key Quotes
“Athens had explored the possibility of a grace period for a EUR747m payment due to the IMF on May 12, but Christine Lagarde confirmed the fund’s policy of refusing requests for a delay. She said stability in the Greek economy “is not done by a political last-minute accord, it’s done by looking at measures, committing to reforms”.”
“This comes as Greece’s finance minister, Yanis Varoufakis hit back at its country’s lenders last night, insisting he will not back down during crunch talks despite impending debt deadlines.”