May 25th, 2016
Greece Debt Relief to Pivot Around Germany's 2017 Ballot
Greece’s creditors reached a preliminary accord to ease the country’s debt burden but left the important details to be hammered out after Germany’s federal election next year. At a meeting of euro-area finance ministers in Brussels that ended early Wednesday, and paved the way for a 10.3 billion-euro ($11.5 billion) aid payout, the International Monetary Fund retreated from its hard-line stance for concrete and generous measures on Greece’s debt, allowing creditors to announce a “breakthrough” despite giving no figures or real commitments. Devere Group Investment Strategist Tom Elliott discusses with Bloomberg's Francine Lacqua on "The Pulse."



