Greece Confident of Deal with Lenders By Year End

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
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.