Greek Debt Talks Moving Slowly But Deal Will Be Reached: Analyst

Weekend talks between Greece and its creditors moved slowly, but Blanka Kolenikova, a political analyst with IHS in London, believes an agreement will ultimately be reached.
Author:
Publish date:

Weekend talks between Greece and its creditors moved slowly, but Blanka Kolenikova, a political analyst with IHS in London, believes an agreement will ultimately be reached. She says creditors still see the reforms lacking substance and will demand that Greece moves forward with implementation before funds are released. She expects Greece will implement more cost-cutting and make further concessions as it faces an April 20th deadline. At the same time, Greece must balance the need for concessions against the reality that the renegotiation of austerity measures breaches promises made before the last elections, a move that may increase political instability.