Greece to Meet Fiscal Targets in 2018 and 2019

Greece and its foreign creditors agreed that the country will meet its fiscal targets in the coming years and there will be no fiscal gap in 2018 and 2019, Prime Minister Alexis Tsipras told his cabinet on Monday.Athens and representatives from its European and International Monetary Fund creditors reached an initial agreement on Saturday on the country’s reform progress under its final bailout review. Greece’s current bailout ends in August.“All parties’ estimates coincide that Greece will meet its fiscal targets in the coming years,” Tsipras said before presenting a four-year strategy for the post-bailout period.“It was confirmed that there will be no fiscal gap in 2018 and 2019.”

Source: Greece seen meeting fiscal targets, no fiscal gap in 2018-9 – PM | Reuters

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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.