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Progress made in the latest round of negotiations with the troika and challenges the Greek government is likely to face in the period ahead (October 22, 2012)

This report takes a close look at the most recent macroeconomic and political developments in Greece, with an emphasis on the progress made in the latest round of negotiations between the Greek government and the troika on the fiscal and structural measures that need to be implemented as part of the conditionality underlying the present bailout programme. With an agreement having already been reached between the two sides on the bulk of new fiscal measures and prior actions to the disbursement of the next EU-IMF loan tranche, we present a detailed overview of what has already been agreed and the pending issues still lying ahead. Finally, based on the most recent information we managed to collect from a number of sources we believe to be reliable, we provide a timeline of the key dates and events that deserve close monitoring in the period ahead.