IMF's Lagarde says still much work to do in Greek debt talks

IMF's Lagarde says still much work to do in Greek debt talks

From reuters.com

The head of the International Monetary Fund (IMF) said in a German television interview on Thursday that there was still a lot of work to do before Greece and its international lenders could clinch a cash-for-reforms deal. "We are all in the process of working towards a solution for Greece and I would not say that we already have reached substantial results," IMF Managing Director Christine Lagarde told ARD television in comments which were translated from English to German. "Things have moved, but there is still a lot of work to do," she noted, adding that she believed Greece would fulfill its commitments. Greece ... (full story)

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Comment #1
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May 28, 2015 3:38am May 28, 2015 3:38am

michaelpelly
Joined Oct 2012 | Status: Member | 1992 Comments

I was wondering when financial news would start today again with this country...

So - when do we expect the default?

Comment #2
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May 28, 2015 3:50am May 28, 2015 3:50am

cecchino
| Joined Dec 2012 | Status: Member | 321 Comments

De facto greece is in default, but EU politician not admit evidence. If a country is not in default why this rush of meeting, negotiation and conference call. A country that run out of cash like greece, IS DEFAULTED!!

Comment #3
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May 28, 2015 4:13am May 28, 2015 4:13am

iumoren
| Membership Revoked | Joined Dec 2012 | 282 Comments

Sensible statements by Lagarde.

But apart from Greece problems, Euro Bulls are adamant on seeing the currency break price ceilings soon....amid almost negative ECB rate.

Grasses do not grow on depleted lands. Euro retains bearish sentiment among traders. My bots have not placed any BUY EUR/XXX trades since I switched them ON on 19th May 2015.

Comment #4
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May 28, 2015 4:25am May 28, 2015 4:25am

cecchino
| Joined Dec 2012 | Status: Member | 321 Comments

I think the only reason for temporany eur bull is pure speculation or manipulation, no reason for buy euro, the entire europe is going to hell ok except germany, but now the spain are they own anti-euro party growing, the Uk may have a referendum on eu membership, Austria maybe take a referendum on eu partnership because question about the euro and ecb is growing, and ultimate, this problem that distribution of illegal immigrants from italy and greece in other country. Many problem in sight. Eu-fake is tanking.

Comment #5
Quote
May 28, 2015 4:56am May 28, 2015 4:56am

saeeeed
| Membership Revoked | Joined Oct 2010 | 50 Comments

good
gode good

Comment #6
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May 28, 2015 7:52am May 28, 2015 7:52am

JeffZhou
| Joined Feb 2015 | Status: Member | 237 Comments

I agree with some opinions that Tsipras will have to give in, but whether he can get an agreement through the Greek Parliament is another question. EUR-NEGATIVE

Story Stats

Posted: May 28, 2015 3:22am
Submitted by:
Newsstand

Category: Low Impact Breaking News

Comments: 6 / Views: 2,498
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