EC President Juncker Says Greece Will Present Reform Plans Next Week

European Commission President Jean-Claude Juncker says the Greek government is to present no later than early next week the reform plans that are key to unlocking urgently needed rescue funds.

Addressing a plenary of the European Parliament on Wednesday, Juncker said Greek Prime Minister Alexis Tsipras had told him he was “ready to present his reforms by the end of this week, beginning of next week.”

The long-awaited reform plans would then set off a furious schedule of meetings culminating in negotiations between the finance ministers of the 19 euro nations, who would decide if or when to unlock the funds for Greece.

European leaders have become increasingly exasperated by what many see as foot-dragging on the part of Tsipras’ government.

via Mainichi

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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