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Greece, list of reforms, Eurogroup – TDS

FXStreet (Edinburgh) - According to strategists at TD Securities, Greece needs to accelerate its ‘technical work’ in order to present a package of reforms by the end of the week.

Key Quotes

“Among the important events to track this week, Greece is scheduled to continue its ‘technical work’ starting today”.

“The Euro Working Group has reportedly given Greece a deadline of the end of this week to submit a comprehensive proposal of reforms, so that it can be studied and debated ahead of the Eurogroup meeting on the 24th”.

Greece is finding it increasingly difficult to come up with the cash that it needs to make repayments to the IMF and to pay out government salaries and pensions, so needs to come to an agreement soon in order to release its remaining bailout funds”.

“We expect Greece to be discussed at the IMF meetings in Washington at the end of the week”.

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