Currency Analyst since 2010

Will Greece get financial aid this week?

According to the European Parliament President Martin Schulz, within a week Greece might finally reach an agreement with its euro zone partners necessary for the nation to get the money tranche. Then Greece will then have "not more than three months" to present a "credible, detailed and definitive" plan.

Greece is going to present an economic reform package by March 30. On Monday Prime Minister Alexis Tsipras met German Chancellor Angela Merkel Monday. Greek leader warned that Athens won’t be able to avoid defaulting on its debt repayments without more cash from Europe.

Tsipras and Merkel displayed mutual goodwill playing to the audience, but it’s not clear if they had managed to find a compromise on Greek reforms and financing. 

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