Greece Wants Speedy Conclusion on Reforms

Greek Prime Minister Alexis Tsipras said on Thursday Athens wanted a speedy conclusion to a now-stalled review of bailout reforms, warning delays could hinder economic recovery after years of recession.

Athens’s European lenders last week suspended short term debt relief for the nation after Tsipras’s leftist administration granted a one-off Christmas bonus to pensioners without consulting creditors.

Greece is following reforms outlined in a bailout program worth up to 86 billion euros. It is its third since 2010, and regular reviews of reforms and approval by lenders are vital for Athens to continue receiving tranches of financial aid.

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 SKY News. 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