Spreads And IMF Are The Catalysts For Greek Aid Package

Germany, along with Italy, Finland and Netherlands insist that a support package for Greece should include IMF.

In Eurogroup on Monday, it became clear that supporters of the activation of a support package for Greece, like France or Jean Claude Juncker, link a possible aid with the spreads being at current levels, something that the Greek government does not accept.

In this landscape, markets so far appear convinced that EU will act if needed to support Greece but at the same time they are cautious, since it is not yet clear how this will take place or how the Greek government will react if the terms of such a package are not favorable.