Will there be a deal for Greece?

Greece’s prime minister, Alexis Tsipras, is expected to give his verdict on the offer from the International Monetary Fund.

Hopes for a deal between Greece and its creditors rose this week after the International Monetary Fund (IMF) and European policymakers finally agreed on the exact terms they are going to offer the debt-laden nation. In the past few months, they have disagreed over several issues, notably the extent of reforms required to improve the Greek pensions regime and free up the labour market.

Greece's prime minister, Alexis Tsipras, was expected to give his verdict on the offer by tomorrow. However, he was also touting Greece's own plan this week, suggesting that discussions could drag on. On Wednesday, Greek stocks jumped by around 4% as traders looked forward to an end to the stand off.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.