Greece – Looking at Tsipras’ agenda

The Greek premier, Alexis Tsipras, is preparing his MPs to vote in favor of the measures for the second review, and creating the political agenda for the following day. In the meantime, the IMF and the Eurozone are struggling to reach a compromise on a formula for Greek debt relief that will allow the IMF to participate in Greece’s bailout program. A general formula is expected to be announced by the Eurogroup on 22 May or later in June. Continue reading “Greece – Looking at Tsipras’ agenda”

Moody’s: Euro area exit risk is very low – Greece aside – but could rise this year

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The likelihood of a country other than Greece leaving the European Union’s single currency area remains very low, but has the potential to increase materially this year given the rise of anti-EU political parties in the region, Moody’s Investors Service said in a report today. Continue reading “Moody’s: Euro area exit risk is very low – Greece aside – but could rise this year”