Goldman Sachs sees immediate Greek inclusion in QE program as unlikely; refers to 4th support program
Goldman Sachs on Wednesday forecast that still bailout-dependent Greece is unlikely to be re-included in the ECB’s QE asset purchasing program any time soon.
In a latest report on the Greek economy, the global investment bank said last month’s second review of the Greek program merely abated the tension between the leftist-rightist coalition government and creditors, but was not a compromise.
Goldman Sachs added the Greece and its institutional creditors bumped to 2018 the final terms for medium-term debt relief, saying that relevant talks are expected next month within the framework for a “possible fourth assistance program” that will include more structural reforms.
In essence, GS here refers to a fourth consecutive memorandum.
You may be interested
Armenia releases photos of shot down SU-25 by Turkish fighter jetPanos - Sep 30, 2020
Armenia posted pictures on an online government platform on Wednesday of the wreckage of a plane it said was a SU-25…
President Erdogan sends letter to EU leaders ahead of EU Summit on TurkeyPanos - Sep 30, 2020
Turkish President Recep Tayyip Erdogan sent a new letter to European leaders – except PM Kyriakos Mitsotakis and Cypriot President Nikos Anastasiadis – on the…
New lockdown would be devastating for Greek economy, Finance Minister warnedPanos - Sep 30, 2020
With the recession this year expected to reach 8%, the government’s financial staff estimates that a new lockdown would have severe consequences…