What the market thinks of the agreement

Greek shares, especially banks, and government bonds welcomed the agreement between Greece and creditors with a “relief rally”.

At the same time Commission, ECB, IMF and ESM, with a common announcment, noted that this agreement constitutes the basis of the second review’s ending.

According to Citigroup, the technical agreement constitutes a step forward for the ending of second review’s negotiations, that have lasted nine months and it paves the way for an official political agreement in 22th May’s Eurogroup and for a disbursement before the big reimbursements of 7,4 bil. euros in July.