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Need to meet three criteria before returning to the markets for borrowing – Greek Fin Min Varoufakis

FXStreet (Mumbai) - Speaking to the media today, Greek Finance Minister Yanis Varoufakis said that Greece plans to return to the financial markets once it succeeds in debt restructuring, investment and sustained primary budget surpluses.

Greek Fin Min noted, "For one to be able to return to the markets for borrowing you need to meet three criteria: primary surpluses, restructuring of debt and investments,"

"I'm speaking about debt swaps which will significantly reduce the debt," he added, while answering a question about Athens' plans to achieve debt restructuring.

Yellen facilitating a shift from data-specific to data-driven guidance – BBH

The Brown Brothers Harriman Team reviews yesterday’s Yellen’s speech, and conclude that the Fed would be surprised with the dovish market reaction post the testimony, with the Fed Chair facilitating a shift from data-specific to data-driven guidance.
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DXY could test 96.00 in the medium term – Westpac

The US dollar index could resume its upside with the next target being 96.00, suggested strategists at the Australian Westpac...
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