European Central Bank Executive Board member Joerg Asmussen will visit Greece on Wednesday to discuss progress on reforms needed to ensure more bailout money, the ECB said.
Greece got an aid tranche of 5.8 billion euros ($7.75 billion) from its international lenders – the euro area, its national central banks and the International Monetary Fund – in July and stands to receive another 1 billion euros in October, subject to implementation of further reforms.
The international lenders, known as the troika, will return in Athens in the autumn to find out whether the government needs to find further savings to meet its 2015-2016 budget targets.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.