EU Commission Clears Greek Budget, Says Needs To Accelerate Reforms

www.oann.com | 11/21/2017 | Staff
idkwatitis (Posted by) Level 3
ATHENS (Reuters) – The European Union’s executive approved Greece’s first post-bailout budget on Wednesday, but said the country had to speed up reforms if it hoped to qualify for any future disbursements under debt relief measures.

The European Commission said it had adopted its first report for Greece under an enhanced surveillance framework put in place after the concusion of its bailout program in August.

Activation - Debt - Relief - Measures - Zone

But it said activation of some debt relief measures, agreed by euro zone finance ministers in June, would depend on how well Greece performed in the future when it was re-assessed.

Reuters quoted sources on Tuesday as saying the country might miss a tranche of profit returns on Greek bond holdings due to delays in the pace of privatizations.

Government - Official - Premature - Assessment

However a Greek government official suggested that was premature, stating an overall assessment would...
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