Conclude Greek Bailout Review Soon to Avoid Uncertainty

February 16, 2017 Share Print 0

European Union officials urged Greece and its lenders on Thursday to conclude a bailout review quickly to avert fresh uncertainty hovering over the crisis-hit nation and warned that a stalemate could harm its nascent economic recovery.

Inconclusive talks between Greece and its international creditors on economic reforms and debt relief have cast doubt over the future of Greece’s 86 billion euro (£73 billion) bailout programme.

European Commissioner for Economic and Financial Affairs Pierre Moscovici said he was “hopeful” for a political agreement before a meeting of euro zone finance ministers next Monday.

Reuters

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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.