The more detailed list of proposed reforms submitted by Greece last week potentially provided the basis for an agreement that will allow it to meet its near-term financial obligations. But the tussles over Greece’s bailout payment are likely to prove a minor skirmish compared to the main battle over a lasting solution to Greece’s outstanding debt burden.
Meanwhile, suggestions that the ECB’s QE programme may end early are, themselves, premature. We think that the full programme – and perhaps more – will be needed to revive the economy and March’s ECB minutes showed that a majority of Governing Council members agree.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services