PBO warns of recovery risks, fourth bailout and possible default

EconomyMacroeconomy Tags: Budget, PBO, Reforms, Taxes

In its quarterly report published on Friday, the Parliamentary Budget Office (PBO) urged for a swift conclusion of the programme review and implementation of the necessary reforms, which could lead to a sustainable economic recovery.

The PBO notes that if the memorandum of understanding is implemented, Greece will be able to get out of the current deadlock. However, it raises a number of concerns about the process.

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