Troika must find Greek answer this week

London

HEIGHTENED market uncertainty makes a political accord on Greek debt resolution increasingly urgent - and time is running out.

The economy is under pressure. The European Commission's forecasts for Greece, published on Monday, show the economy accelerating substantially over the medium term, but this is largely due to low-base effects. Economic fundamentals remain weak. Mario Draghi, president of the European Central Bank (ECB), said last week that until European governments conclude the second review of the third bailout, Greece will not be considered for the ECB's quantitative easing (QE).