Why the troika and Syriza must remove Greece’s debt roadblocks together
In: World Economic Forum
On 7 April in Malta, euro-area finance ministers agreed on the key elements of a deal that would unlock further financial assistance to Greece under the current (third) €86 billion bailout. The "in principle” agreement came as a huge relief, as Greece will be unable to meet the €7.4 billion in debt payments due in July without external financing.
But the economic drama continues. Several more steps need to be taken for Greece to avert default.