Home/Newsfeed

Greece Nears Bailout Exit But Challenges Remain

Share Print 0

Greece’s bailout program is set to end in August of next year but doubts remain over whether the country will be able to stand on its own feet after the summer.After implementing hundreds of new laws in exchange for financial disbursements from its 86 billion euro ($100 billion) bailout program, Athens is set to break from its international creditors in 2018.Greece has been complying with its creditors’ demands, it has avoided political crises and it is growing again. Against this backdrop, Europe will want to be rid of its longest-standing financial burden as soon as possible and it’s therefore unlikely to present any additional monetary aid after next summer.”The problem of Europe is that it wants to put Greece behind (it) as soon as possible,” a senior official close to the process, who didn’t want to be named due to the sensitivity of the situation, told CNBC.

Source: Greece is on track to exit its bailout plan but doubts over its future remain – CNBC

US Indices Rebound Ahead of GDP Data

CAC Leaps as ECB Tightens its Belt

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Back to Top