Greece is likely to receive next tranche of financial aid in early November

Source: Dukascopy
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International Monetary Fund and European Union officials hinted Greece will receive next tranche of financial aid of 8 billion euros in early November. Troika also said “it is essential that the authorities put more emphasis on structural reforms in the public sector and the economy more broadly.”

“Continuing funding to Greece is the least worst option available,” said Peter Dixon, an economist at Commerzbank AG. “We should be thankful that sanity is prevailing, for now at least.”

“What needs to be done on our side is to do what we said we will do by the end of October,” said Venizelos during an interview on Tues-day. Finance Minister also added that Greece has cash to fulfill its obligations till the middle of November.

“Continuing funding to Greece is the least worst option available”
- Peter Dixon, an economist at Commerzbank AG

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