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Significance
This is almost certainly the last Eurogroup before Greece’s third economic adjustment programme terminates on August 20. Both sides seek an orderly phase-out so that what has been achieved after eight painful years of fiscal and structural reforms is not dissipated.
Impacts
Investor interest in Greek assets could be reinvigorated by clarity on Greek debt resolution, IMF involvement and post-bailout scenarios.
A Greek-Macedonian deal on the latter’s name would open the possibility of its entering NATO and the EU, bolstering regional security.
However, it introduces great political uncertainty at a time when stability is necessary to ensure a smooth return to economic normality.
Keywords:
Greece,
EUR,
Macedonia,
EU,
Germany,
IMF-World Bank,
NATO,
economy,
international relations,
politics,
debt,
fiscal,
party,
reform,
talks,
bonds,
government,
legislation,
nationality
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2018
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