Greece Nears Bailout Exit But Challenges Remain

Greece’s bailout program is set to end in August of next year but doubts remain over whether the country will be able to stand on its own feet after the summer.After implementing hundreds of new laws in exchange for financial disbursements from its 86 billion euro ($100 billion) bailout program, Athens is set to break from its international creditors in 2018.Greece has been complying with its creditors’ demands, it has avoided political crises and it is growing again. Against this backdrop, Europe will want to be rid of its longest-standing financial burden as soon as possible and it’s therefore unlikely to present any additional monetary aid after next summer.”The problem of Europe is that it wants to put Greece behind (it) as soon as possible,” a senior official close to the process, who didn’t want to be named due to the sensitivity of the situation, told CNBC.

Source: Greece is on track to exit its bailout plan but doubts over its future remain – CNBC

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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.