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
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.
Alfonso Esparza