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Two or three issues remaining for Greece

Wednesday, Jun 24 2015
Greek economy minister George Stathakis said on Wednesday "two or three" items remained to settle with international lenders on a package of proposals put forward by Greece to break a deadlock in negotiations a cash-for-reforms deal. "There are two or three very specific issues, and as you appreciate it's the last part, three out of the fifty measures that have been agreed," he told Greece's Mega TV.
 
He said those issues included long term debt relief and VAT exemptions in the Greek islands, a very sensitive issue for the right-wing Independent Greeks party that supports Prime Minister Alexis Tsipras' coalition government.
 
However he said he was confident a deal would be reached at a European Union summit on Thursday and that it would be supported by Tsipras' leftist Syriza party, despite objections expressed by some in the party. "I think this balanced deal is defensible to Syriza, and in Greek society too," he said.
 
Euro is currently being traded higher few points above 1.1210 level. Pair is likely to find support around 1.1150 level, yesterday's low, and resistance above 1.1250 area. Later today, in the US session, Final GDP figures are scheduled for a release.
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