Although the market has focused on the fact that Greece managed to extend its emergency funding for another four-months, analysts at Brown Brothers Harriman (BBH) say the country still faces some difficult hurdles. They note that the biggest difficulty will come from within Greece itself. “It is in the next two months that the Greek government needs to pass the enabling legislation to enact the reforms. This is indeed a tall order,” they say. “Although nearly all the reports have underscored that Greece’s aid program was given a four-month extension, we think it is more realistic to focus on the end of April review.”
