Next 48 Hours Crucial to Greek Negotiations

Ahead of a crucial meeting in Brussels to discuss Greece’s moribund bailout program, the country’s friends and foes are making their feelings known about the country’s economic future – which could be hanging in the balance.

Greek Finance Minister Yanis Varoufakis is expected to announce something of a four-pillar overhaul of the country’s current bailout program when he meets with other euro zone finance ministers on Wednesday.

He is likely to propose new reforms — to make up for the ones that the new Greek government wants to scrap — and to ask for a “bridge program” to cover the government’s funding needs while a new debt pact is agreed.

via CNBC

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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