Greece will most likely need a fourth bailout agreement in 2018 in order to return to the credit markets, argued Bruegel Institute economist Zsolt Darvas.
The Hungarian economist made the statement from the stand of the Thessaloniki Summit, adding that an increase of the country’s gross domestic product will mean that Greece will not need to borrow much.
Furthermore, the Bruegel Institute officer underlined that his is more optimistic about Greece’s near future and recognized that major reform efforts have been carried out. Mr. Darvas also stressed that 80% to 90% of reform pledges have been implemented.
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