REPORT: Greece Says It Has Secured A Bailout Extension

upside down greece flag at soccer match

Photo: ESPN

Greek finance minister Yannis Stournaras has secured a 2-year extension to meet its bailout targets, according to ForexLive.The troika –EU, IMF and ECB – reportedly gave in on two major issues.

The Greek government is expected to submit two separate bills on austerity cuts and labour reforms to parliament next week, according to Reuters.

This was initially denied by the European Commission and the German government, in a report by Ekathimerini,but has since been confirmed.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

greece moneygame-us