Greece Urges Completion of Reform Review by May 1

Greece’s finance minister urged international lenders on Monday to complete their review of his country’s reform measures by May 1 and bring to an end lengthy discussions over pension cuts.

Disagreements between the International Monetary Fund (IMF) and Athens’s EU lenders over additional reforms Greece must implement to achieve its fiscal targets in 2018 are delaying the first review of its latest bailout, a hurdle the Greeks desperately need to clear to open the way for debt relief talks.

“This question of time is important if we want to move from a vicious to a virtuous circle,” Finance Minister Euclid Tsakalotos told the German newspaper Frankfurter Allgemeine Zeitung.

An initial review by a team of international lenders from the euro zone and the International Monetary Fund (IMF) earlier this year stalled in February over pension reform.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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