Greek debt accord

Eurozone Leaders Announce Agreement in Principle on a Greek Bailout

July 13, 2015

A third financial bailout for Greece contingent on the Greek parliament passing a long list of stringent economic reforms by Wednesday, July 15 was hammered out after around-the-clock weekend talks in Brussels that did not end until Monday morning.  The deal includes higher VAT on restaurants, higher taxes on Greek shipping companies, ending tax breaks […] More

Not a Big Reaction to Greek Debt Agreement

November 27, 2012

Ecofin and the IMF settled their differences over Greek aid, paving the way for a EUR 34.4 billion installment next month.  The accord’s assumptions about future Greek growth look suspect. The dollar is 0.2% stronger against the euro and Swiss franc, unchanged versus the yen, yuan, kiwi, and sterling, down 0.1% against the loonie, and […] More