German Chancellor Angela Merkel reiterated on Friday that the Eurogroup must first assess and approve implementation of new reforms proposed by the Greek government before the next aid tranche is disbursed to the country.

She made the statement during a press conference in Brussels.

Merkel underlined that the European Stability Mechanism (ESM) will only disburse the next tranche if it is established beyond any doubt that the new reforms ill have the same fiscal effect with the measures they have replaced.