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18 Sep 2015
Greek elections unlikely to impact euro - BTMU
FXStreet (Guatemala) - Analysts at the Bank of Tokyo Mitsubishi noted the Greek elections coming up.
Key Quotes:
"It is the first election since Greece signed its first bail-out agreement in 2010 in which neither of the two main parties are campaigning on an anti-bailout or anti-austerity agenda. It provides reassurance that the newly elected government will continue to implement the reforms as required by the third bail-out agreement although protracted coalition negotiations could create some delay."
"The Eurogroup have stated that there is no room for renegotiation. The outcome from the Greek election is unlikely to have a material impact on the euro in the near-term."
Key Quotes:
"It is the first election since Greece signed its first bail-out agreement in 2010 in which neither of the two main parties are campaigning on an anti-bailout or anti-austerity agenda. It provides reassurance that the newly elected government will continue to implement the reforms as required by the third bail-out agreement although protracted coalition negotiations could create some delay."
"The Eurogroup have stated that there is no room for renegotiation. The outcome from the Greek election is unlikely to have a material impact on the euro in the near-term."