Parliament Budget Office welcomes deal, warns on economic prospects and reform implementation

EconomyMacroeconomy Tags: Budget, PBO, Reforms, Taxes
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The agreement reached with lenders is an important first step towards restoration of confidence, inclusion of Greek government bonds in the European Central Bank’s QE programme and a future return to capital markets, according to the Parliament Budget Office's (PBO) first quarter (Q1) report.

However, the PBO stresses that the economic situation in Q1 is disappointing in comparison with expectations.

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