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Greek Economy Minister: 99% of Bailout Demands Completed

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Greece’s economy minister said on Wednesday he was confident the latest debt deal struck with creditors will be completed without further significant hurdles as the country races to prevent another default.

“I think that 99 percent of what has been agreed has been practically completed… There are some extra things but I think that in the last few days we have reached more or less an agreement and everything will go through smoothly,” Giorgos Stathakis told CNBC at the OECD Forum in Paris.

“There are three points remaining, there is some concern on our behalf on the fiscal issues, in 2017. But I think there will be a solution,” Stathakis told CNBC. “Some issues are very sensitive, it is a very tight program until 2018 – it is frontloaded, that’s why the first assessment is that important on both sides so I think people are looking at small details lately.”

CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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