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Brexit coming, Grexit looming?

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By Symela Touchtidou
Brexit coming, Grexit looming?

<p>Yet another eurogroup meeting <a href="http://www.euronews.com/2017/03/20/eurozone-finance-ministers-group-head-dijsselbloem-wants-realism-over-brexit">has come to an end</a>.</p> <p>Yet another opportunity was missed to conclude the second evaluation of the third Greek bailout program.</p> <p>As far as the Greek affair is concerned, to many it looks like 2015 all over again. </p> <iframe width="560" height="315" src="https://www.youtube.com/embed/lkJ6PIJOAK8" frameborder="0" allowfullscreen></iframe> <p>The second evaluation should have been completed by the end of 2016.</p> <p>Turning the tables this time, the institutions (E.U. Commission, <span class="caps">ECB</span>, <span class="caps">ESM</span>, <span class="caps">IMF</span>) refused to return to Athens and made the Greek Minister of Finances, E. Tsakalotos, stay in Brussels to continue the discussions.</p> <p>The road ahead appears long and good intentions do not make it any easier to navigate.</p> <h3>What is expected now?</h3> <p>A full agreement between the Greek government and the institutions <a href="http://www.euronews.com/2017/02/28/greece-stalled-talks-resume-new-measures-to-come">on a policy package</a> that would include measures on tax reform, pension reform, the labour market and a number of other issues.</p> <p>Then the eurogroup will have a political debate on the country’s fiscal trajectory (i.e. the targets for the primary surpluses going forward) and debt sustainability.</p> <p>The aim is to <a href="http://www.euronews.com/2017/02/17/imf-reportedly-will-contribute-to-greek-bailout">convince the <span class="caps">IMF</span></a> to get onboard with the Greek program.</p>