Greece may receive aid tranche in next few weeks to pay arrears – Dow Jones

Greece’s international creditors considering whether to grant small tranche in the weeks ahead.

Dep FinMin Sachinidis speaking on Mega TV said the funds would go to paying off part of the 6 bln accumulated arrears the government owes private contractors.

The official opined that the disbursement could come before the Greek elections saying “There is a discussion that, likely before the elections, we will get a tranche that will allow us to pay some of, not the total of, the arrears.”

4 Comments

  1. As far as the tape bomb, I guess every 10 pips in the EUR/USD helps.:)

  2. id call it 20-ish pips (a bomblet) ;)

  3. Good morning Gerry,
    If the euro were to be done away with, what would become the the big currency to follow? The GBP? What was FX mkt like before EURO?

  4. Hi Steve, I guess you’d just go back to USD/DEM being by far the biggest traded pairing like in the old days. I think the markets were more fun in the old days. You had all the european crosses (IE MARK/PARIS, MARK/GUILDER, MARK/LIRA, MARK/PESETA) which made for greater variety and variety is the spice of life… (so I’m led to believe)

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