World Economy

Greek Creditors Demand Guarantees

Greek Creditors Demand GuaranteesGreek Creditors Demand Guarantees

The Greek government will be asked to introduce €3.6 billion of measures to guarantee bailout implementation, Reuters reported. Many reports from the USA suggest that Greece’s European creditors and IMF have reached an agreement in relation to Greece. With the International Monetary Fund disputing the Greek government’s ability to reach its goal, the country’s creditors have decided to request guarantees. Specifically, the Greek government will be asked to legislate on measures that will automatically come into effect, should it fail to reach its goal for a 3.5% growth rate in 2018.