Brussels says Greece has made little reform progress

30 August 2016
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A senior ranking European Union official has told Kathimerini that Greece made very little progress in August regarding its commitments to its lenders, insisting that their implementation ahead of the second review of the country’s third bailout this fall will create a positive dynamic.

The official spoke ahead of Tuesday’s Euro Working Group (EWG), and after Monday’s meeting in Brussels between European Commissioner for Economic and Financial Affairs Pierre Moscovici (photo), Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis.

All three agreed that it is imperative the second review is completed as soon as possible to make way for the discussion about Greece’s debt and the participation of the International Monetary Fund in the bailout.

However, another official told Kathimerini that the debt issue, which will be discussed at the EWG, has yet to catch on with other EU member-states.

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