By John Mourmouras in Athens
After eight years of hardship, Greece is finally emerging with renewed optimism. Although the international economic environment is relatively volatile at the moment, I have long believed that the Greek case is manageable for an exit from the memorandums of understanding in late August without a precautionary credit line. Policy-makers must focus on conditions for Greece to achieve a sustainable return to capital markets. My proposals include setting up a new advisory task force to regain the investment grade held in 2008.
Read the full commentary on the website.
Meeting: Financing growth and development in emerging markets
Wednesday 10 October, Singapore, 12:00 SST
OMFIF and KfW, the German state-owned financing agency, convene a meeting in Singapore on the development of local currency and bond markets in emerging economies. Wencai Zhang, vice-president of the Asian Development Bank, will present the keynote address. Topics for discussion include treating local currency bonds as an asset class, attracting international capital and managing exchange rate risk.
Request to attend the meeting