EZ States want Greece Out

Some euro-zone countries no longer want Greece in the bloc, Finance Minister Evangelos Venizelos has said. He accused the states of “playing with fire”, as Greece scrambled to finalize an austerity plan demanded by the EU and IMF in return for a huge bailout.

Mr Venizelos promised to clarify the plan before a conference call with euro-zone bosses due at 16:00 GMT. Greece needs to convince lenders that it will make enough savings, and that its politicians will enact the changes. Athens is hoping to get a 130bn-euro (£110bn; $170bn) bailout from the EU and IMF.

The deal also includes a provision to write off a further 100bn euros of debt owed to banks.

BBC News

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell