Does Greece have a plan 'B' ?

10 February 2015, 12:33
Andrius Kulvinskas
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 The TradeTheNews Team shares that independent Greeks Party Kammenos commented that Greece had a plan ‘B’ if the EU remained rigid on any agreement in tomorrow’s meeting, which eased the Greek tension a bit.

Key Quotes

“The focus remained on the Greek situation in Europe. The EU continued to take a tough line with Greece ahead of key meetings.”

“Eurogroup Finance Ministers meet Wednesday EU Leaders' Summit on Thursday. This will be followed by further Eurogroup meeting next week.”

“Some tension was alleviated after independent Greeks Party Kammenos (part of ruling coalition) stated that the govt had a plan "B" if EU remained rigid on any agreement.”

“Greece 3-year gov't yield was approaching 20.25% vs. 21.40% earlier in session (**Note: would be the first decline in 5 trading days. The 3-year yield reversed its earlier rise of over 30bps to trade lower by 80bps.”
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