Conclude Greek Bailout Review Soon to Avoid Uncertainty

European Union officials urged Greece and its lenders on Thursday to conclude a bailout review quickly to avert fresh uncertainty hovering over the crisis-hit nation and warned that a stalemate could harm its nascent economic recovery.

Inconclusive talks between Greece and its international creditors on economic reforms and debt relief have cast doubt over the future of Greece’s 86 billion euro (£73 billion) bailout programme.

European Commissioner for Economic and Financial Affairs Pierre Moscovici said he was “hopeful” for a political agreement before a meeting of euro zone finance ministers next Monday.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.