Greece Remains More Optimistic Than Its Creditors
(Bloomberg) -- European Central Bank Vice President Vitor Constancio talks about the outlook for resolution of the Greek debt crisis, contagion risk should there be a failure to reach agreement on Greece's aid program, volatility in European bond markets and European bank profitability. The ECB released its twice-yearly Financial Stability Review in which it said failure to reach an agreement on Greece’s aid program soon may drive yields on bonds issued by other euro-area countries higher. Constancio speaks with Bloomberg's Alessandro Speciale in Frankfurt. (Source: Bloomberg)
Greece once again expressed optimism that the country will reach a deal with creditors in the coming days, only to have that confidence knocked down by international officials.
The most recent vow came Thursday from the government’s chief spokesman -- who said an agreement could be hammered out by Sunday -- even as the International Monetary Fund and other creditors insisted that much work remains to be done.