Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
Greece might end up missing euro zone cash

Greece might end up missing euro zone cash

Information is not investment advice

There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms. That’s what euro zone officials uncovered on Monday.

The funds are part of nearly 4.8 billion euros of profits from the country’s bonds held by euro zone major financial institutions, to be returned to Greece by mid-2022 in semi-annual tranches as well as a waiver of the step-up interest rate margin on part of the euro zone loans.

The two measures generated nearly 750 million every six months. The funds were designed as an incentive for Greece to proceed with hard-won reforms, which were adopted under its three bailouts since 2010, and in general they amounted to 280 billion euros.

On February 27, the European Commission will come up with a report highlighting Greek progress in implementation its reforms. Eventually, the conclusion of this report is going to be decisive for euro zone finance ministers. It will help them to decide whether to permit the disbursement or not.

Most probably, the report will stress that this EU country hasn’t managed to cope with the agreed reforms.

EU finance ministers, expected to meet to have the issue negotiated on March 11, won’t allow the disbursement unless Greece completes what it needs to do between Feb 27th and March 11.

At different stages of completion up to 16 reforms are being run. The major ones have to do with the healthcare system, non-performing loan resolution as well as the clearance of government arrears.

Similar

The ECB is going to move the euro

The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.  

Popular

The ECB is going to move the euro

The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.  

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later