Greece's road to bailout exit: 140 reforms down, more to go

Athens

GREECE'S hard times aren't over.

A return to the bond market last week, the pledge of 8.5 billion euros (S$13.5 billion) in new loans from euro-area creditors, the possibility of more money from the International Monetary Fund and a S&P Global Ratings outlook upgrade have coalesced to bolster investor sentiment that Greece has turned a corner. Trouble is, much depends on the country implementing reforms - dozens of the 140 measures agreed to are in various stages of application and more than 100 additional actions are needed to access the remaining 26.9 billion euros in funds before the current bailout programme ends in August 2018.