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.


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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.