Greek proposals: Ingredients for a deal?
10.07.2015 - Philippe Waechter
Markets analysis by Philippe Waechter, chief economist.
"The program, which has been presented by Alexis Tsipras to the troika, reflects the will to catch an agreement as soon as next Sunday during the meeting of the European Chiefs of government. Measures are expected to be approved in order to keep Greece in the Euro Area. Its aim is to get EUR 50bn on three years in order to repay Greek’s debt.
All the proposals that have been made by the Prime Minister are close to those on which the troika agreed on before the referendum.
The expected profile for the Greek public finance is to converge to a primary budget surplus of 3.5% of GDP in 2018. This surplus will be less than 1% this year. It will then not feed the debt anymore."
Read further in Market Flash 10/07/2015
Philippe Waechter is Head of the economic research department of Natixis Asset Management.
Philippe joined Bred Banque Populaire in April 1988 as an economist. In 1994 he became Director of the economic research department. When Banque Populaire Asset Management was created in June 1998 (which then became Natexis Asset Management in May 2003) Philippe held the same position.
Philippe is graduated from the University of Paris I and worked as a Professor at the University of Evry from 2002 to 2003. He regularly works for the print and audiovisual media.
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