Some euro-zone countries no longer want Greece in the bloc, Finance Minister Evangelos Venizelos has said. He accused the states of “playing with fire”, as Greece scrambled to finalize an austerity plan demanded by the EU and IMF in return for a huge bailout.
Mr Venizelos promised to clarify the plan before a conference call with euro-zone bosses due at 16:00 GMT. Greece needs to convince lenders that it will make enough savings, and that its politicians will enact the changes. Athens is hoping to get a 130bn-euro (£110bn; $170bn) bailout from the EU and IMF.
The deal also includes a provision to write off a further 100bn euros of debt owed to banks.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.