Saturday 18 November 2017

Citigroup economists say 90pc chance Greece will leave eurozone

Greek Prime Minister Antonis Samaras
Greek Prime Minister Antonis Samaras

Independent.ie reporters

ECONOMISTS at Citigroup predict there is a 90pc chance that Greece will leave the euro within the next 18 months.

The prediction comes as Jose Manuel Barroso, European Commission president, heads for talks in Athens today.

Greece is under pressure to meet austerity targets set out by the EU/IMF/ECB troika.

Greece's government has found €11.7bn in savings for 2013 and 2014 demanded by foreign lenders and will present it later today to the leaders of its ruling coalition for final approval, a senior finance ministry official said.

"The government has finalised the plan and will present it later today to political leaders," a senior finance ministry official told Reuters.

Greek Prime Minister Antonis Samaras is scheduled to meet the heads of the two other parties of his ruling coalition later on Thursday.

(Additional reporting Reuters)

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