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EU Heaps Praise on Greek Reforms as Post-Bailout Reckoning Nears

  • European Commission talks up economic overhauls in assessment
  • Creditors are said to work on formula for continuing oversight
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Kyle Bass Sees Good Things for Greece in Next Two Years

The European Commission talked up Greece’s reform drive, as creditors are beginning to prepare for a discussion on what a post-bailout landscape could look like for the debt-ridden state.

“Greece has undertaken significant reform efforts across all policy areas,” the European Union’s executive arm said in a 187-page report assessing the country’s record of compliance with its bailout terms. “The Greek economy has remained more resilient than expected in a difficult environment, fiscal targets have been widely outperformed, and game-changing structural reforms in areas such as tax administration, the business environment, energy, privatization and public administration have been launched.”