Greek Wants Review of Bailout Program

Greece’s finance minister says his government is pressing lenders for a swift review of the country’s bailout program, warning that delays would prolong market uncertainty and make fiscal targets more difficult.

Euclid Tsakalotos said he wanted negotiations with bailout inspectors to last “weeks not months.” He spoke Monday after returning from a six-city tour of European Union countries that included talks with German Finance Minister Wolfgang Schaeuble.

Tsakalotos headed dramatic negotiations last year between Greece’s left-wing government and rescue lenders for a third bailout that brought Greece to the brink of an exit from the euro currency.

The International Monetary Fund has still not said whether it will continue as a full bailout partner, but Tsakalotos insisted Athens would welcome participation despite the IMF’s “higher bar” on fiscal discipline.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza