Reform Key to Smooth Greek Market Return
Reform Key to Smooth Greek Market Return

Reform Key to Smooth Greek Market Return

Reform Key to Smooth Greek Market Return

Greece can expect further debt relief from its official creditors but must show it is building an efficiently-run modern economy to convince markets of its rehabilitation, the head of Europe’s rescue fund said, Reuters reported. Athens is on course to exit its €86 billion ($106 billion) bailout, its third since 2010, this summer without further financial assistance from official lenders and the government is keen for a “clean exit”. Greece’s €185 billion economy is slowly recovering from its debt crisis and subsequent recession and is forecast to grow by 2.5% this year and in 2019. The government is gradually building a cash buffer of about €18 billion. Athens and its eurozone lenders are expected to flesh out a French-proposed mechanism presented in June, which will link debt relief to Greek growth rates. “We all agree that Greece’s debt needs to be manageable. But additional debt relief is not the most important thing to achieve that,” European Stability Mechanism Chief Klaus Regling told a conference in Delphi, outside Athens.


Short URL : https://goo.gl/sx3Gfm
  1. https://goo.gl/YpJZMy
  • https://goo.gl/jssiiA
  • https://goo.gl/D5dLM1
  • https://goo.gl/AABZu3
  • https://goo.gl/wcCQpm

You can also read ...

Big Data, Online Markets Can Lead to Higher Prices
Information technology is not just transforming markets; it is...
Italy could set the stage for the bloc’s next crisis if it delivers on its tax-cutting and high-spending policies.
Capital investment in 24 of the EU’s 28 member states has...
Liu He (L) and Steven Mnuchin after the joint statement to avoid a trade war.
With "minutes to midnight", the great US-China trade war...
A meeting of eurozone finance ministers is set for June 21.
Greece’s creditors have agreed a program of reforms as the...
Air India Sale Hangs in Balance
Uncertainty hangs over the Indian government's plans to sell...
Egypt Gets Bids for Power Plant
Egypt next week will announce the winning consortium to build...
Bangla Trade Deficit Doubles
Bangladesh’s trade deficit has almost doubled within 12 months...
Qatar March IPI Decreases Marginally
Qatar’s monthly industrial production index for March 2018...

Add new comment

Read our comment policy before posting your viewpoints