2017-05-02theguardian.com

A compromise is required to unblock a tranche of loans Greece needs for debt repayments of €7bn ($7.6bn) in July.

Under pressure from its creditors -- the European Union, European Central Bank and the International Monetary Fund -- the government agreed earlier this month to adopt another €3.6bn ($3.8bn) in cuts in 2019 and 2020.

Athens conceded fresh pension and tax break cuts in return for permission to spend an equivalent sum on poverty relief measures.

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Athens also hopes to be finally allowed access to the European Central Bank's asset purchase programme, known as quantitative easing, or QE, to help its return to bond markets.



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