Discontent of Greek creditors about the failure of the country’s government to fulfill the set obligations timely has been proved by the statement of the Finance Minister of Austria Maria Fekter, who has informed that Greece will not receive another tranche of financial aid until it fulfills the obligations before international creditors.
Greeks may have several more weeks to fulfill the approved plan, as informed by the official. It follows from such statement that the set terms will not be reconsidered any more. Consequently, Greek government is obliged to fulfill its obligations as soon as possible; otherwise, its budget means will be exhausted, and the country will have to acknowledge its default, which will be followed by withdrawal from European monetary union.
Let us remind that auditors of the three creditors have already held a thorough revision of the country’s economy, and they are supposed to introduce the report at the end of October.
Maria Fekter has also toughed the issue of Spain in her speech, having informed that the country needs financial aid of 60 bln. euro, but not 100 bln., as had been informed.
In the course of American trading session on September 17 EURUSD has finished wave “а(С)/С” 1.2856-1.3171 of H4 level. The trend will continue when local high 1.3171 is broken, and the rate is set above. According to , for a mid-term trend to change sloping channel and pivot MF 1.2870 are to be broken, and reversal FZR formed below.
