Greece is planning to return to the bond market for the first time in three years. The move will enable the country to test its credibility on the markets before its bailout program comes to an end next year.
The European Central Bank has announced a cut in its bond-buying economic stimulus program, taking its biggest step yet towards unwinding years of loose monetary policy introduced in the wake of the financial crisis.
Greece's creditors have concluded a first round of fresh bailout inspections to assess reforms. Even if deadlines are met, a shattered economy and battered public trust will linger behind, says Anthee Carassava.
A recovery in the labor market has reduced poverty and improved social justice across the EU, according to the Bertelsmann Foundation. But the gap between northern and southern countries remains wide.
There's every indication that the ECB will announce a reduction in the scale of its monthly purchases of government bonds when it meets this Thursday. In truth, it has little choice in the matter.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version