Market braces itself for more supply from Iran as sanctions are lifted 9.36am GMT Greece’s European lenders are expected to start a review of Athens’ reform programme next week, although talks on debt relief may still be several months away. Before those talks start, Greece needs to conclude a first review of reforms agreed last summer under its third bailout programme with its lenders, which include the EU executive and the International Monetary Fund. We are ready to the start the review as soon as possible, most likely next week. But we are not setting any time limit for when the review should be concluded.” If Greece concludes the review, it will show it is serious with its promises, its programme is on track and this would be a very positive step so that stability is restored.” It is clear that pension reform is the trigger that will prove that Greece’s economic position is improving.” 9.19am GMT Brent crude has fallen below $30 a barrel again, losing one dollar to $29.88 a barrel, a 3.2% drop. Continue reading...
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