Greek parliament agreed to reforms of the pension system - Rabobank

Jane Foley, Senior FX Strategist at Rabobank, notes that the Greek parliament has agreed to reforms of the pension system in spite of the protests of ant-austerity campaigners.

Key Quotes

“Last week IMF Chief Lagarde suggested that all sides were close to an agreement of Greece’s next bail-out tranche. Although this suggests that a package could be signed off at today’s Eurozone finance ministers meeting, the IMF and the German government are insisting that Greece legislates for an additional EUR3 bln in contingency measures in case the country falls short of achieving its primary budget target with current measures.”