Why Greece Still Needs Debt Relief

The transcript discusses Greece's economic situation, focusing on the potential for a deal with its lenders. It highlights recent fiscal measures passed by the Greek Parliament and the positive outlook from a Eurogroup meeting. The upcoming Eurogroup meeting on May 24th is crucial, as Greece needs to implement further fiscal measures. The transcript also covers the situation of Greek banks and their need for refinancing tools. Debt relief is a key topic, with discussions on how to provide it in the future, despite opposition from some European lenders, particularly Germany.

What fiscal measures did the Greek Parliament recently approve?

• 3% of GDP in new fiscal measures

• 4% of GDP in new fiscal measures

• 2% of GDP in new fiscal measures

• 1% of GDP in new fiscal measures

When is the next Eurogroup meeting scheduled to discuss Greece's situation?

• May 15th

• April 30th

• June 1st

• May 24th

What is the main condition for Greek banks to access refinancing tools?

• Successful completion of the bailout review

• Approval of new fiscal measures

• Increase in GDP growth rate

• Completion of the debt relief process

What is the stance of European lenders on a debt haircut for Greece?

• It is under negotiation

• It is already approved

• It is off the table

• They are considering it

What are the three stages of potential debt relief for Greece?

• Immediate, short-term, long-term

• Short-term, medium-term, long-term

• Medium-term, long-term, extended

• Short-term, immediate, extended