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Greek Bailout Deal Will Be Get First Review in October – EU Sources

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Greece’s implementation of reforms tied to its latest bailout will be reviewed by lenders in October and any discussion of debt relief will come at a later stage, EU sources said on Wednesday.

“There will be a strong first review of the implementation of measures in October,” one source said.

The source said the deal addressed the “shortcomings of the Greek business model”, referring to the view that the structure of the economy needed to be modernised.

“There is a careful balance between measures that support growth and those for fiscal adjustment.

“The uncertainty about economic development in Greece is an important element in the package,” the source 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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