Last Friday, Pierre Moscovici, who is the European Commissioner for Economic and Financial Affairs, Taxation and Customs, visited Athens to discuss with the Greek government the report on the situation with the Greek debt to the international lenders.
According to the forecasts, the Greek economy is expected to show 2.7% growth after 7 years of decline. This is expected to happen thanks to the economic reforms implemented by the Greek government. The Commissioner is sure that if each side contributes to the process of improvement, the situation will improve and will let Greece count on another financial aid. So far, the economic figures show that the Greek economy has recovered, he reports.
The Commissioner also underlines the important role of the International Monetary Fund in further assisting Greece in restoring its economy and financial system.
FOREX
In the meantime, the SRP (AO_Zotik and WPR_VSmark) Department of Masterforex-V Academy reports that last week the price completed another major bearish move represented by wave 4 of level H4. At this point, EURUSD is recovering from this bearish move.
