The leading western trading platforms finished the previous week in the red. European investors were concerned about the state of affairs in Greece again, while American investors were disappointed over statistical indicators, as some of them turned out to be worse than forecast.
The Government of Greece needs to reach an agreement with creditors in order to returned EUR 2.5 billion to the International Monetary Fund (IMF) over May-June. The agreement should be reached before the end of April; however, the process is extremely complicated. Most likely, the European Union will not provide a credit tranche to help the Greek economy recover before the end of April 2015, as was planned earlier, since Athens are not prepared to adopt a national reforms program.
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