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Greece Confident of Deal with Lenders By Year End

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Greece and its official creditors can reach an initial agreement on reforms and fiscal targets to pass a key bailout review by the end of the week and a final deal to conclude it by the end of the year, the country’s government spokesman said on Tuesday.

Athens, however, cannot make further concessions on labour reforms which go beyond European norms, government spokesman Dimitris Tzanakopoulos told reporters.

Tzanakopoulos also said the IMF must realise that Greece cannot accept austerity measures after 2018. Athens hopes for inclusion in the European Central Bank’s asset-purchasing programme (QE) in the first quarter of 2017, he said.

Reuters

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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.
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