Greek PM Says Second Bailout Review Without Need of

January 18, 2017 Share Print 0

Greece will conclude the second review of its bailout progress without legislating new austerity measures beyond 2018, when the aid program ends, the country’s prime minister said on Wednesday.

“The exit from the program in mid-2018 is visible,” Alexis Tsipras told parliament. “The bailout review will be concluded, and it will be concluded without legislating additional measures for beyond the end of the program.”

Athens wants a fast conclusion of the review to be included in the European Central Bank’s bond buying program, which would pave the way for its return to bond markets.

But the review has stalled due to differences among its official creditors – European Union institutions and the International Monetary Fund – over the country’s ability to meet fiscal targets beyond 2018.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.