Greece On Track To Receive Bailout

International lenders have paved the way for Greece to gain the latest payment of bailout money.

The European Commission, European Central Bank and the International Monetary Fund said they had completed their fact checking mission.

They said the economic outlook was in line with their projections but that it remained uncertain.

Eurozone finance ministers will now decide whether to release new funds worth 6.3bn euros ($8.1bn; £5.4bn).

Talks have centred around 4,000 civil service jobs that are due to be cut.

The country has an unemployment rate of 27% and public unrest has lead to political instability, and four different Greek governments in as many years.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza