European debt crisis

The EC Keeps its Economic Forecast for Bulgaria

The European Commission (EC) keeps its expectations for Bulgaria's economy in its summer forecast. The GDP growth of our country in 2019 will recover to 3.3% from 3.1% in 2018, reaching 3.4% in 2020, coinciding with the expectations of the spring forecast.

In terms of inflation, the EC expects its pace to reach 2.4% in 2019 and will slow to 1.7% in 2020, writes Investor.bg.

Greek reforms in line with bailout requests, say gov't sources

Greece will implement a series of reforms which are in line with what has been agreed with its creditors, government sources said Wednesday, responding to a comment by German Chancellor Angela Merkel.
Speaking at a news conference with Finland's prime minister, Merkel said she agreed with eurozone finance ministers that no change was needed to Greece's bailout program.

Merkel: Greek PM told me he would quickly implement reforms

Greece's new prime minister has promised Angela Merkel in a phone call that he would quickly implement a reform program, the German chancellor said on Wednesday.
Speaking at a news conference with Finland's prime minister, Merkel also said she agreed with euro zone finance ministers that no change was needed to Greece's bailout program.

[Reuters]

Greece unlikely to be discussed at Eurogroup, EU official says

It is highly improbable that Greece will be discussed during Thursday's Eurogroup in Luxembourg, a top eurozone official said Wednesday.
The same official said that the third report on Greece's enhanced post-program surveillance issued by the European Commission will be discussed by the eurozone finance ministry staff (Euro Working Group) after Greece's July 7 elections.

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