Greece Urges Completion of Reform Review by May 1

Greece’s finance minister urged international lenders on Monday to complete their review of his country’s reform measures by May 1 and bring to an end lengthy discussions over pension cuts.

Disagreements between the International Monetary Fund (IMF) and Athens’s EU lenders over additional reforms Greece must implement to achieve its fiscal targets in 2018 are delaying the first review of its latest bailout, a hurdle the Greeks desperately need to clear to open the way for debt relief talks.

“This question of time is important if we want to move from a vicious to a virtuous circle,” Finance Minister Euclid Tsakalotos told the German newspaper Frankfurter Allgemeine Zeitung.

An initial review by a team of international lenders from the euro zone and the International Monetary Fund (IMF) earlier this year stalled in February over pension reform.

Reuters

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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.