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Looking at Greek debt

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August 2015
Greece signed a third rescue deal with the European Commission by agreeing to sweeping reforms in exchange for new loans amounting to € 86 billion.

October 31, 2015
After the stress tests of the four largest banks in the country, the European Central Bank says that they will need € 4,4 billion.

November 6, 2015
The deadline for banks to submit their plans, which detail the actions they will take

Winter 2016
Eurozone members will discuss easing the debt burden of Greece, after the successful completion of the first review of the rescue plan.

March-April 2016
Lenders will assess how the country's progress and what is done to achieve fiscal health. Unsatisfactory results may lead to the demand for more austerity measures, again raised questions about Grexit.

E.Dimitrov JrTrader


 Varchev Traders
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