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

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.


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.